GOLD topped out heavy at $4,380, neckline cracked around $4,200–$4,190 - classic Double Top formation. Since then, it’s been bleeding down inside a descending channel, and every bounce has died under pressure.$3,986 is the line in the sand ⚔️ — as long as price stays below, bears are in full control.
We’re still trading inside the Zonal Drop Range ($3,986–$3,825) — where sellers keep hammering every push.
🎯 Targets:
- TP1 → $2920 (38.2% fib)
- TP2 → $3,858
- TP2 → $3,790–$3,760 (Support Zone)
🧠 Setup:
Short rejections between $3,980–$3,990.
Stop above $4,040 — any close above that cancels the play and opens space back toward $4,103–$4,160.
📉 RSI: Neutral to bearish around 51.
📊 Volume: Drying up = pressure cooker before next drop.
Until bulls reclaim $4,040, I’m hunting shorts only.
Below $3,986, expect acceleration — liquidity vacuum toward $3,858, maybe a full flush into $3,790.
Stay sharp, stay patient 💚.
The NFX Team ™️💚
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
The NFX Team ™️💚
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.