Gold Price Outlook: Key Fair Value Gap (FVG) and Potential Price

Mar 25

This 4-hour chart of Gold/USD highlights a critical Fair Value Gap (FVG) zone in the $2,960 - $2,980 range. The chart outlines two potential scenarios:
1. A bullish reaction with a price push toward the $3,040 resistance level.
2. A bearish move breaking below the FVG, targeting the $2,880 support zone.

Traders should monitor price action within the FVG for confirmations, with upcoming economic events marked at the bottom as potential catalysts.

Mar 27

Trade active

The Fibonacci resistance was just too weak! Uptrend is too strong. Can now definitely make a new higher high.