🔍 Watching for a bearish retracement
Gold is currently trading around 3432.83, but price action shows signs of weakness after a strong bullish impulse. We're now seeing consolidation near the top, and if momentum fades, I expect a retracement back to test key demand zones.
🎯 Target Zones for Retracement:
📌 3403.48 – First key level of interest (minor support)
📌 3391.97 – Stronger demand area
🟠 3386.58 to 3383.95 – Institutional order block / NDOG zone (June 13)
💭 My Bias:
Short-term bearish – I expect sellers to step in and push price down into one of these zones before bulls potentially return.
📆 Let’s see how the market reacts around these levels tomorrow. Will gold respect the zones and bounce? Or break deeper?
#Gold #XAUUSD #PriceAction #TradingView #MarketAnalysis #FX #SmartMoney #NDOG #OrderBlocks #LiquidityGrab
Gold is currently trading around 3432.83, but price action shows signs of weakness after a strong bullish impulse. We're now seeing consolidation near the top, and if momentum fades, I expect a retracement back to test key demand zones.
🎯 Target Zones for Retracement:
📌 3403.48 – First key level of interest (minor support)
📌 3391.97 – Stronger demand area
🟠 3386.58 to 3383.95 – Institutional order block / NDOG zone (June 13)
💭 My Bias:
Short-term bearish – I expect sellers to step in and push price down into one of these zones before bulls potentially return.
📆 Let’s see how the market reacts around these levels tomorrow. Will gold respect the zones and bounce? Or break deeper?
#Gold #XAUUSD #PriceAction #TradingView #MarketAnalysis #FX #SmartMoney #NDOG #OrderBlocks #LiquidityGrab
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。