In line with my previous projection, price dropped from the 3330 region toward the key level around 3224, bottoming out at 3245 after sweeping liquidity—forming what now appears to be a potential double bottom.
However, the rally from 3245 looks more like a liquidity build-up than a true reversal. This suspicion is strengthened by Silver’s behavior, as it failed to confirm any bullish structure shift last week and isn’t participating in the rally as expected.
Currently, Silver is trading back into a premium zone around 36.27. With that in view, it would be ideal for Gold to revisit the 3322 region, offering a cleaner and more logical sell opportunity with defined risk. That said, overnight volatility during the Asian session could still lead to unexpected movements and early reversals.
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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.