Hello TradingView Community!
Gold is currently trading well above the 1.272 Fibonacci extension of the recent major impulse leg — a level that has often served as a strong exhaustion point after sharp upside moves.
Combined with repeated failures to push meaningfully higher over the past several days (price keeps testing resistance without a decisive close above), this setup could signal a potential short-term reversal and the beginning of a correction back toward the broader trend.
Key levels we're watching if the pullback develops:
• First magnet / POI: Daily Fair Value Gap (FVG) around 4,550
• Deeper target & stronger support: 4H Point of Control (POC) near 4,481
These zones represent classic areas of imbalance where price frequently returns to rebalance after overextensions.
We'll need bearish confirmation (rejection candles at the highs, downside volume increase, or break of recent structure) to confirm the move lower. Until then, the bias remains cautious on new longs while monitoring for short opportunities on weakness.
Globally gold still screams long-term bullish (geopolitics + CB demand ain’t going anywhere), but yeah — a clean dip to 4550 FVG and especially 4481 POC would be the healthiest thing right now. Shakeout weak hands, reset RSI, better structure for the next leg up.
What do you think — signs of exhaustion building, or still room for one more push? Share your views below! 🚀
#Gold #XAUUSD #TradingView #SmartMoney
Gold is currently trading well above the 1.272 Fibonacci extension of the recent major impulse leg — a level that has often served as a strong exhaustion point after sharp upside moves.
Combined with repeated failures to push meaningfully higher over the past several days (price keeps testing resistance without a decisive close above), this setup could signal a potential short-term reversal and the beginning of a correction back toward the broader trend.
Key levels we're watching if the pullback develops:
• First magnet / POI: Daily Fair Value Gap (FVG) around 4,550
• Deeper target & stronger support: 4H Point of Control (POC) near 4,481
These zones represent classic areas of imbalance where price frequently returns to rebalance after overextensions.
We'll need bearish confirmation (rejection candles at the highs, downside volume increase, or break of recent structure) to confirm the move lower. Until then, the bias remains cautious on new longs while monitoring for short opportunities on weakness.
Globally gold still screams long-term bullish (geopolitics + CB demand ain’t going anywhere), but yeah — a clean dip to 4550 FVG and especially 4481 POC would be the healthiest thing right now. Shakeout weak hands, reset RSI, better structure for the next leg up.
What do you think — signs of exhaustion building, or still room for one more push? Share your views below! 🚀
#Gold #XAUUSD #TradingView #SmartMoney
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คำจำกัดสิทธิ์ความรับผิดชอบ
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📚 Education | Trade ideas | Market Researches in our FREE TG Channel:
👉t.me/BMNTrading
👉t.me/BMNTrading
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน