The Gold market (XAUUSD) kicks off the new trading week under intense bearish pressure, displaying a clean structural shift as sellers aggressively dominate the intraday momentum. Following a highly volatile week dictated by US CPI and PPI inflation data, market participants are experiencing a temporary macroeconomic data vacuum on Monday. Consequently, institutional desks (Smart Money) are driving the price action strictly based on technical order flow and liquidity rebalancing.
The market sentiment is actively shifting from last week's bullish momentum into a profit-taking phase, trapping late-stage breakout buyers as the price seeks a structural discount floor ahead of the upcoming sessions.
Based on the newly emerging Bearish ABC Corrective structure on the M30 timeframe, the core technical levels to monitor closely include:
Major Overhead Resistance (Wave 5 Peak): 4,335.403 – The definitive swing high that completed the previous bullish impulse cycle, now acting as the ultimate invalidation line for the bears.
Breakdown Checkpoint: 4,267.981 – A critical structural horizontal layer (Fibonacci 0.786) where temporary short-covering or minor consolidation could occur.
Immediate Target Area: 4,216.328 – The internal Fibonacci 0.618 level, serving as a primary structural inflection zone for early corrective targets.
Major Confluence Demand Zone (Potential Wave C Bottom): 4,184.792 – A highly significant institutional liquidity floor overlapping with the Fibonacci 0.5 retracement layer, expected to act as the ultimate battlefield for trend defense.
What is your take on this newly formed M30 corrective structure? Will Gold respect the 4,184.792 confluence demand zone to finalize Wave (C), or will the bulls defend the higher layers aggressively? Drop your technical perspectives and charts in the comments section below!
The market sentiment is actively shifting from last week's bullish momentum into a profit-taking phase, trapping late-stage breakout buyers as the price seeks a structural discount floor ahead of the upcoming sessions.
Based on the newly emerging Bearish ABC Corrective structure on the M30 timeframe, the core technical levels to monitor closely include:
Major Overhead Resistance (Wave 5 Peak): 4,335.403 – The definitive swing high that completed the previous bullish impulse cycle, now acting as the ultimate invalidation line for the bears.
Breakdown Checkpoint: 4,267.981 – A critical structural horizontal layer (Fibonacci 0.786) where temporary short-covering or minor consolidation could occur.
Immediate Target Area: 4,216.328 – The internal Fibonacci 0.618 level, serving as a primary structural inflection zone for early corrective targets.
Major Confluence Demand Zone (Potential Wave C Bottom): 4,184.792 – A highly significant institutional liquidity floor overlapping with the Fibonacci 0.5 retracement layer, expected to act as the ultimate battlefield for trend defense.
What is your take on this newly formed M30 corrective structure? Will Gold respect the 4,184.792 confluence demand zone to finalize Wave (C), or will the bulls defend the higher layers aggressively? Drop your technical perspectives and charts in the comments section below!
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Join Real - Time Trade Post: t.me/+6eLZ50qp_PUyMTY1
🔥 3 - 4 DAILY TRADE
🔥 15 - 20 SCALPING SIGNALS
🔥 Real - Time Proceed Orders
🔥 3 - 4 DAILY TRADE
🔥 15 - 20 SCALPING SIGNALS
🔥 Real - Time Proceed Orders
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.