🔍 Watching for a bearish retracement
Gold is currently trading around 3432.83, but price action shows signs of weakness after a strong bullish impulse. We're now seeing consolidation near the top, and if momentum fades, I expect a retracement back to test key demand zones.
🎯 Target Zones for Retracement:
📌 3403.48 – First key level of interest (minor support)
📌 3391.97 – Stronger demand area
🟠 3386.58 to 3383.95 – Institutional order block / NDOG zone (June 13)
💭 My Bias:
Short-term bearish – I expect sellers to step in and push price down into one of these zones before bulls potentially return.
📆 Let’s see how the market reacts around these levels tomorrow. Will gold respect the zones and bounce? Or break deeper?
#Gold #XAUUSD #PriceAction #TradingView #MarketAnalysis #FX #SmartMoney #NDOG #OrderBlocks #LiquidityGrab
Gold is currently trading around 3432.83, but price action shows signs of weakness after a strong bullish impulse. We're now seeing consolidation near the top, and if momentum fades, I expect a retracement back to test key demand zones.
🎯 Target Zones for Retracement:
📌 3403.48 – First key level of interest (minor support)
📌 3391.97 – Stronger demand area
🟠 3386.58 to 3383.95 – Institutional order block / NDOG zone (June 13)
💭 My Bias:
Short-term bearish – I expect sellers to step in and push price down into one of these zones before bulls potentially return.
📆 Let’s see how the market reacts around these levels tomorrow. Will gold respect the zones and bounce? Or break deeper?
#Gold #XAUUSD #PriceAction #TradingView #MarketAnalysis #FX #SmartMoney #NDOG #OrderBlocks #LiquidityGrab
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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.