Gold is currently trading below a major intraday level (4,110–4,115) after a clean breakdown and rejection on the retest. That failed reclaim confirms this zone as new resistance, shifting the near-term structure bearish.
Price is now sitting underneath a multi-touch level, and the market has a very obvious draw:
the equal lows resting just below the 4,020 → 4,000 range.
Market Structure
Lower high formed after the sharp selloff
Clear break in structure
Retest of resistance was rejected
Momentum continues to favor downside
Liquidity Outlook
There’s a cluster of untapped liquidity sitting beneath recent lows. Gold often sweeps these “equal lows” before making a meaningful move.
Targets below include:
4,020 → 4,000 liquidity sweep
3,975 intermediate reaction zone
3,902 (higher-timeframe demand + major resting liquidity)
As long as price remains below 4,110–4,115, the downside continuation remains the higher-probability scenario.
Invalidation
The bearish idea is invalidated only if gold reclaims 4,115 with strength.
A clean break and hold above that level opens the door back into:
4,183
4,209
4,225
…where unfilled imbalance sits overhead.
Bias
Short-term bearish until equal lows are taken.
Looking for continuation into the liquidity pool below before any meaningful bounce.
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.
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.
