Gold closed last week with a strong impulsive move into a Daily Fair Value Gap (FVG). As we open the new week, I’ll be watching closely:
Daily FVG (3423–3451): Potential resistance and rejection zone early in the week.
H4 Bullish FVG (3390–3395): If price rejects the Daily FVG, I expect a retrace into this zone to set the weekly low between Monday and Tuesday.
From there, we could see a bullish expansion for the rest of the week.
The key question: Will Gold respect the Daily FVG as resistance before rebalancing lower, or will buyers push straight through?
What’s your bias going into the week? 🚀📉
Daily FVG (3423–3451): Potential resistance and rejection zone early in the week.
H4 Bullish FVG (3390–3395): If price rejects the Daily FVG, I expect a retrace into this zone to set the weekly low between Monday and Tuesday.
From there, we could see a bullish expansion for the rest of the week.
The key question: Will Gold respect the Daily FVG as resistance before rebalancing lower, or will buyers push straight through?
What’s your bias going into the week? 🚀📉
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Related publications
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.