XAU/USD | Gold Rejects FVG Again – Bearish Setup Still Active!

Apr 7

By analyzing the #Gold chart on the 4H timeframe, we can see that price once again followed the scenario discussed in the previous update. After entering the FVG around the $4700 region, strong selling pressure stepped in and Gold dropped sharply toward $4600, delivering nearly 1000 pips of movement from the discussed zone.

Currently, Gold is trading around $4647, and the main bearish scenario remains valid. In my view, if price pushes back into the $4700 – $4750 supply zone, we could see another strong rejection and a continuation of the downside move.

From a structural perspective, the nearest supply zones are located around $4700 – $4750, followed by $4800 – $4850. On the downside, the closest demand zones sit around $4580 – $4600, with the next stronger support area between $4450 – $4500. As long as price continues reacting from these supply levels, the probability of further bearish continuation remains high.

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Best Regards , Arman Shaban

7 days ago

Trade active

By analyzing the #Gold chart on the 4H timeframe, we can see that after the previous update where price reacted from the $4700 FVG and dropped toward $4600, the market suddenly experienced a strong bullish jump. This move was triggered by news about a two-week ceasefire between Iran, the United States, and Israel, which pushed Gold sharply higher toward the $4800 – $4850 supply zone.

Currently, Gold is trading around $4796, right below this major resistance area. From a structural perspective, this zone remains a very important supply region where strong selling pressure could appear again.

If price fails to break and stabilize above $4800, and especially if geopolitical tensions return or the ceasefire is violated, we could see a strong bearish reaction from this level. In that case, the next downside targets to monitor are $4720, followed by $4680, then $4620, and potentially $4550 if bearish momentum accelerates.

From a technical perspective, the nearest supply zones remain around $4800 – $4850, followed by $4920 – $5000 as the next major resistance cluster. On the downside, the closest demand zones are located around $4680 – $4720, with deeper support sitting between $4550 – $4600 and $4400 – $4450.

6 days ago

Trade closed: target reached

By analyzing the #Gold chart on the 4H timeframe, we can see that price followed the scenario discussed in the previous update. After stabilizing below the $4800 level, strong selling pressure stepped in and Gold dropped sharply toward $4698, delivering more than 1000 pips of movement from the rejection zone.

After reaching this downside target, price once again started to rebound and is currently trading around the $4795 region. Despite this recovery, the main bearish scenario remains valid. In my view, if Gold once again gets rejected from the $4800 – $4850 supply zone, we could see another continuation of the downside move.

From a structural perspective, the nearest supply zones remain around $4800 – $4850, followed by $4920 – $5000 as the next major resistance cluster. On the downside, the closest demand zones are forming around $4680 – $4720, with deeper support sitting between $4550 – $4600.

If selling pressure returns from the current supply zone, the next short-term downside targets to monitor are $4740, followed by $4700, then $4660, and potentially $4620 if bearish momentum accelerates.