Gold has recently broken below its 4-hour bullish Fair Value Gap

Gold Market Analysis (In-depth & Strategic Overview):

Gold has recently broken below its 4-hour bullish Fair Value Gap (FVG) and is currently trading beneath its Consequent Encroachment (CE) level — a signal that short-term bullish momentum has weakened.

In the latest 4H candle, the market swept the liquidity resting below the previous day's lows, a classic move to trap early sellers and collect stop-losses. Right after this liquidity grab, the price touched the daily bullish FVG, found support there, and then managed to close back inside the 4H FVG. This action reflects a temporary defense by buyers — but the battle is far from over.

📌 Key Levels to Watch:

$3401: This is a critical resistance level. If the market successfully closes above $3401, it could signal a bullish continuation, paving the way for an upward move.

$3389: This is a crucial support level. If price breaks below $3389, it would likely lead to further downside movement, opening the door for deeper corrections.


⏳ Current Strategy:
The best move right now is to wait and watch how the market reacts to these key levels. A breakout above $3401 would confirm strength and potential bullish continuation. Conversely, a breakdown below $3389 could trigger a fresh wave of selling pressure.

🚨 Until one of these levels is clearly broken, the market may remain in a state of indecision or range-bound movement.

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