Gold remains in a clear 1H downtrend. Late last week, price tapped into a 1H Fair Value Gap (FVG) and a strong 4H order block, which triggered a solid reaction—an opportunity we capitalized on.
Now, we’re observing price behavior around the previous day's high and low to determine whether the bearish momentum will continue, or if a larger bullish leg may develop on the higher timeframe.
📌 Key Levels
🟢 Support: $3,120
🔴 Resistance Zones: $3,241 / $3,280
🔍 Insight by ProfitaminFX
If this outlook aligns with your bias, or if you see it differently, feel free to share your perspective in the comments. Let’s grow together 📈
Now, we’re observing price behavior around the previous day's high and low to determine whether the bearish momentum will continue, or if a larger bullish leg may develop on the higher timeframe.
📌 Key Levels
🟢 Support: $3,120
🔴 Resistance Zones: $3,241 / $3,280
🔍 Insight by ProfitaminFX
If this outlook aligns with your bias, or if you see it differently, feel free to share your perspective in the comments. Let’s grow together 📈
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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.
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.