Gold Weekly Forecast
Gold closed last week below the previous weekly lows at 3,260, confirming bearish intent. Price has now left behind multiple imbalances from the bullish leg that started at the 3,000 level.
We could first see a retracement to the small imbalance zone around 3,300, followed by a bearish continuation back to the main support/imbalance zone near 3,000.
Sideways price action is likely early in the week — but unless bulls reclaim 3,300+, momentum favors a retest of the base.
Bias: Bearish
Key Zones:
• Resistance / Rebalance: 3,300
• Support / Imbalance Target: 3,000
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Weekly forecast by Sphinx Trading
Drop your view in the comments.
#Gold #XAUUSD #GoldForecast #LiquidityVoids #TechnicalAnalysis #SphinxWeekly #SmartMoney #FVG #3kLevel
Gold closed last week below the previous weekly lows at 3,260, confirming bearish intent. Price has now left behind multiple imbalances from the bullish leg that started at the 3,000 level.
We could first see a retracement to the small imbalance zone around 3,300, followed by a bearish continuation back to the main support/imbalance zone near 3,000.
Sideways price action is likely early in the week — but unless bulls reclaim 3,300+, momentum favors a retest of the base.
Bias: Bearish
Key Zones:
• Resistance / Rebalance: 3,300
• Support / Imbalance Target: 3,000
—
Weekly forecast by Sphinx Trading
Drop your view in the comments.
#Gold #XAUUSD #GoldForecast #LiquidityVoids #TechnicalAnalysis #SphinxWeekly #SmartMoney #FVG #3kLevel
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.