📉 Bearish bias remains intact on Gold.
After rejecting the premium zone, price respected the 0.786 Fibonacci retracement and the marked SELL ZONE (4484-4487) almost perfectly. Since then, sellers have taken full control, breaking multiple intraday supports and accelerating toward the downside.
🔎 Technical Confluences
✅ Strong rejection from the 0.786 Fib level
✅ Price trading below the VWAP (blue line) which is acting as dynamic resistance
✅ Lower highs and lower lows structure maintained
✅ Liquidity sweep followed by aggressive bearish displacement
✅ Bearish momentum increasing with no significant bullish reaction
🎯 Bearish Scenario
As long as price remains below the VWAP and below the 4484-4487 supply area, sellers keep the advantage.
📍 Key resistance:
4470 (former support now resistance)
4475
4485 SELL ZONE
📍 Downside targets:
4450 psychological level
4441 liquidity area
4435 if bearish pressure continues
⚠️ What Would Invalidate The Setup?
A strong recovery above the VWAP combined with a reclaim of the 4485 sell zone would weaken the bearish structure and could trigger a deeper retracement.
💡 Trading Idea
The highest probability setup remains:
➡️ Wait for a retracement into the VWAP / resistance zone
➡️ Look for bearish confirmation
➡️ Target the recent lows and liquidity resting below 4450
🐻 Trend is bearish until proven otherwise.
📊 Sellers remain in control while price stays under the VWAP and below the premium supply zone.
After rejecting the premium zone, price respected the 0.786 Fibonacci retracement and the marked SELL ZONE (4484-4487) almost perfectly. Since then, sellers have taken full control, breaking multiple intraday supports and accelerating toward the downside.
🔎 Technical Confluences
✅ Strong rejection from the 0.786 Fib level
✅ Price trading below the VWAP (blue line) which is acting as dynamic resistance
✅ Lower highs and lower lows structure maintained
✅ Liquidity sweep followed by aggressive bearish displacement
✅ Bearish momentum increasing with no significant bullish reaction
🎯 Bearish Scenario
As long as price remains below the VWAP and below the 4484-4487 supply area, sellers keep the advantage.
📍 Key resistance:
4470 (former support now resistance)
4475
4485 SELL ZONE
📍 Downside targets:
4450 psychological level
4441 liquidity area
4435 if bearish pressure continues
⚠️ What Would Invalidate The Setup?
A strong recovery above the VWAP combined with a reclaim of the 4485 sell zone would weaken the bearish structure and could trigger a deeper retracement.
💡 Trading Idea
The highest probability setup remains:
➡️ Wait for a retracement into the VWAP / resistance zone
➡️ Look for bearish confirmation
➡️ Target the recent lows and liquidity resting below 4450
🐻 Trend is bearish until proven otherwise.
📊 Sellers remain in control while price stays under the VWAP and below the premium supply zone.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
✅Free Telegram Channel: t.me/+o8TEYAYZ1ZljNzZk
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.