📊 Market Analysis from the Chart:
Gold has displayed critical signals in the past week, especially around the 2881 resistance level. This level formed a Double Top pattern accompanied by a strong Bearish Marubozu candle, signaling that sellers have taken control at this key resistance zone, driving the price below short-term support levels.
💡 Technical Highlights from the Chart:
Double Top at 2881: Price tested this significant resistance but failed to break through, triggering strong selling pressure.
Bearish Marubozu on H4: The strong bearish candle confirms that sellers dominated at the peak.
CP Zone Retest: The Continuation Pattern (CP) Zone was retested before the price dropped sharply, solidifying the correction trend.
🔍 Liquidity Plan for Next Week:
First FVG Zone (2850 - 2842): Already tested but remains an important area to monitor.
Major FVG Zone (2835 - 2828): A critical liquidity zone likely to attract strong buying interest.
Final Support Zone (2810 - 2800): If this zone is breached, it could trigger a new bearish trend with deeper corrections.
📈 Forecast for Gold’s Trend:
Bullish Scenario: If price holds above 2835 - 2828, Gold may rebound and resume its primary uptrend.
Bearish Scenario: If price breaks below 2810 - 2800, it may initiate a deeper bearish correction.
⚙️ Trading Strategy:
SELL: Around 2860 - 2862, targeting lower liquidity zones.
BUY: At the support zone 2835 - 2828, expecting a potential bullish reversal.
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💬 What’s your outlook for Gold this week? Will it rebound or continue to drop? Share your thoughts in the comments! 🔥