Gold closed last week with a strong bearish weekly candle, rejecting from the 3,440 supply zone and closing below the key Fair Value Gap at 3,360. This confirms downside pressure, especially in the context of a strengthening dollar.
For this week, we may see a bullish opening early in the week toward 3,370, followed by a deeper bearish move targeting the major low and liquidity pool at 3,250.
Bias: Bearish
Key Zones:
• Resistance / Retest: 3,370
• Target: 3,250
• Supply Rejection: 3,440
Momentum favors further downside unless bulls reclaim key levels.
For this week, we may see a bullish opening early in the week toward 3,370, followed by a deeper bearish move targeting the major low and liquidity pool at 3,250.
Bias: Bearish
Key Zones:
• Resistance / Retest: 3,370
• Target: 3,250
• Supply Rejection: 3,440
Momentum favors further downside unless bulls reclaim key levels.
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