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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