I am still bearish on Gold. We see that Gold rejected a 4H FVG this morning during NY Session that produced a major drop. With this price action, I have a feeling that Gold wants to drop lower. NFP is this Friday so will be cautious and flexible to changing my bias if I see a structure shift on the higher timeframe.
Yesterday, I gave a gold analysis of anticipating price to reach into a Daily FVG in Premium zone and drop from there. I executed sells during NY AM Session this morning to target previous daily lows. I will most likely be expecting more sells next week, however I will be cautious due to NFP.
Analysis on current Gold price action. I am anticipating shorts in the coming weeks. In this breakdown, I show how gold has taken out a range high and is making its way down to a range low on the weekly. Eyeing 2670 for a potential reversal to the downside.