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 ™️💚
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.
The NFX Team ™️💚
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.