🏛 1. Current Market Structure
📉 Gold just made a sharp drop into the OTE zone, breaking through the Supply Zone without much resistance.
🔎 This move suggests a liquidity sweep, possibly targeting deeper levels before any significant recovery.
🌍 2. Bigger Picture Outlook
⚠️ With the 4H FVG now acting as a strong resistance, the market is testing the OTE zone for potential support.
💰 If this zone fails to hold, we could see a deeper correction towards the next major demand area around $3,300.
🔍 3. Key Technical Observations
🟩 4H FVG: Now acting as a supply block, capping recent bullish attempts.
🟦 OTE Zone: Major liquidity area, potential bounce point if buyers step in.
⬜️ Supply Zone: Clearly lost its strength, now likely to act as resistance on any retest.
🎯 4. Short-Term Expectations
📉 Bearish Scenario:
Continuation through the OTE
Deeper liquidity grab toward $3,300
Potential stop hunt before a bullish reversal
📈 Bullish Scenario:
Strong bounce from the OTE
Reclaim of the Supply Zone
Potential push back toward $3,400+ if volume supports it
🔥 5. Upcoming Catalysts
🕰 US Economic Data: Short-term volatility expected.
📊 Volume Confirmation: Critical for validating a bullish recovery.
🔎 Order Flow: Watch for fakeouts and liquidity traps around the OTE.
✅ Conclusion
👉 Gold just tapped a key OTE zone – a make-or-break level for the current structure.
📍 Key levels to watch:
4H FVG (~$3,380 - $3,400)
OTE Zone (~$3,320 - $3,330)
Deeper liquidity areas if the sell-off intensifies
⏳ Stay alert, as the market is likely to remain volatile in the short term.
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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.
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.