Price is currently respecting the bearish trend channel and has shown consistent lower highs and lower lows structure. We’ve observed a short-term retracement after tapping the demand zone near 3325. This pullback appears to be heading towards a Fair Value Gap (FVG) area between 3349–3353, which aligns with a mid-channel supply zone.
This zone is expected to act as a strong reaction point for sellers. If price taps into this FVG and shows signs of rejection, we could see a continuation to the downside.
🔴 Resistance Level: 3374 (major supply) 🟧 FVG Zone / Short Entry Area: 3349 – 3353 🔻 Target 1: 3330
🔻 Target 2: 3320
🛑 Stop Loss: 3365 (above FVG invalidation)
📌 Bias: Bearish
🧠 Trade Logic: Following the bearish market structure, price is likely to reject from imbalance/FVG zone. Selling into strength provides a better R:R opportunity.
⚠️ Wait for confirmation like bearish engulfing or rejection wick before entering.
This zone is expected to act as a strong reaction point for sellers. If price taps into this FVG and shows signs of rejection, we could see a continuation to the downside.
🔴 Resistance Level: 3374 (major supply) 🟧 FVG Zone / Short Entry Area: 3349 – 3353 🔻 Target 1: 3330
🔻 Target 2: 3320
🛑 Stop Loss: 3365 (above FVG invalidation)
📌 Bias: Bearish
🧠 Trade Logic: Following the bearish market structure, price is likely to reject from imbalance/FVG zone. Selling into strength provides a better R:R opportunity.
⚠️ Wait for confirmation like bearish engulfing or rejection wick before entering.
💼 FX & Gold Market Specialist | Trader & Mentor
✅ Verified TradingView Contributor
📊 Focus: XAUUSD | Risk Management | ROI Strategies
🔗 Telegram: t.me/+I3cp4J9F2PU4MmZk
✅ Verified TradingView Contributor
📊 Focus: XAUUSD | Risk Management | ROI Strategies
🔗 Telegram: t.me/+I3cp4J9F2PU4MmZk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💼 FX & Gold Market Specialist | Trader & Mentor
✅ Verified TradingView Contributor
📊 Focus: XAUUSD | Risk Management | ROI Strategies
🔗 Telegram: t.me/+I3cp4J9F2PU4MmZk
✅ Verified TradingView Contributor
📊 Focus: XAUUSD | Risk Management | ROI Strategies
🔗 Telegram: t.me/+I3cp4J9F2PU4MmZk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.