Gold: A Bearish View

Mar 10

Gold just printed a trigger wave on the 3-hour chart, with the VWAP oscillator (yellow) crossing down through the zero line, suggesting momentum may be shifting to the downside.

Price is currently trading at the Value Area High (VAH) of the volume profile built from the lowest swing low of this range. This area is acting as resistance and becomes an important level to watch.

If sellers continue defending this zone, Fibonacci extensions highlight potential downside levels. The first key area sits around 4,500, where previous imbalance and structure are located.

Below that, the next potential magnet is the naked POC around 4,245, which often attracts price if the market rotates back into the lower part of the range.

The key question now is whether price can hold above value or if this trigger wave develops into a deeper move toward those lower levels.

- Turttle.

Mar 11

Trade active

Gold losing the VAH..next target 4,5k?

Mar 19

Trade closed: target reached

Gold has reached the first key area at 4,5 k. Could you go for 4,245 k?