Gold has already swept the previous buy-side liquidity and delivered a strong bearish reaction. Price is currently trading in the lower part of the dealing range.
For intraday, I’m watching a potential retracement toward the 50%–61.8% Fibonacci zone (4657–4667). If price reaches this premium area and provides bearish confirmation, the downside bias remains valid.
Key Outlook:
Retracement → Bearish Confirmation → Continuation Lower
Main downside target: 4563 area
Avoid chasing entries. Wait for price to reach the POI and confirm the setup with proper market structure and risk management.
MSB FX | GOLDX TRADING
