XAU/USD | Gold Fills Liquidity Gap – Another Drop Below $3,900?

Oct 30

By analyzing the #Gold chart on the 2-hour timeframe, we can see that after reaching the $3,915 demand zone, price reacted strongly and began to rise, filling the liquidity gap created by last night’s drop. Gold is currently trading around $3,973, and if it fails to hold above $4,015, we could see another strong bearish move toward lower levels below $3,900. The next short-term bearish targets are $3,955, $3,947, $3,915, and $3,899.

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Oct 31

Trade active

By analyzing the Gold chart on the 2-hour timeframe, we can see that after our previous analysis, gold first dropped to $3,960 as expected, then bounced back. When price reached $4,015, strong selling pressure appeared, pushing it down to $3,990 — giving over 250 pips of profit in one setup.
Gold is currently trading around $4,022, and as long as it fails to hold above $4,040, we can expect further correction.
The key supply zones to watch are $4,015–$4,035 and $4,048–$4,072.

Nov 3

Trade closed: target reached

By analyzing the Gold (XAUUSD) chart on the 2-hour timeframe, we can see that after our previous analysis, price reached $4,022 — exactly within the $4,015–$4,025 supply zone — and faced strong selling pressure, dropping over 600 pips to $3,962.
After this sharp decline, gold rebounded above $4,000, but once again met resistance near $4,028, triggering another pullback. Currently, gold is trading around $4,006, and as long as price stays below this level, we can expect a deeper correction.
The next potential downside targets are $3,999, $3,985, and $3,947.