Gold: Eyes on QML Zone for Potential Reaction Before Deeper Drop

700
Hello guys!

Let's go deep into the GOLD chart!

Price has completed a liquidity grab near 3440 (marked as "a hunting") and is now heading downward toward a key QML zone.

  1. First, a reaction is expected around the QML area (3180–3220), where previous structural interest and demand may cause a temporary bounce.

  2. After this reaction, the price is likely to retest higher, potentially forming a lower high.

  3. Then, the dominant bearish structure is expected to continue, with a possible sharp drop toward the final demand zone around 3050–3080.



This movement represents a classic manipulation.

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.