The market is about to enter the US session, and our overall bias is bearish. ⤵️
#GOLD Short positions can be considered in the 4720-4740 range. Watch the 4740 resistance level; if it doesn't break through and stabilize above, the price will likely continue to fall, with short-term targets at 4700-4680.
If the 4679 support level holds, gold will likely rebound, and buying opportunities can be considered near this level.
Please like and support this post; I will find real-time entry opportunities after the US session! 😊
Another major event to watch this week is the #Federal Reserve's interest rate decision on Wednesday. Barring any surprises, there will likely be no rate cut, marking the third consecutive day of no change.
We need to observe further to see if a second layer of pressure will emerge following the Fed's interest rate decision. If this signal appears, a break below the previous low could potentially mark the last low point before May.
CHIP longs getting aggressively flushed Volatility still very high in this zone $CHIP 🔴 LIQUIDITY ZONE HIT 🔴 Long liquidation spotted 🧨 $9.1776K cleared at $0.07768 Downside liquidity swept — watch reaction 👀 🎯 TP Targets: TP1: ~$0.075 TP2: ~$0.073 TP3: ~$0.070 #CHİP
GWEI longs getting wiped in low liquidity No strong support holding the drop $GWEI 🔴 LIQUIDITY ZONE HIT 🔴 Long liquidation spotted 🧨 $1.3905K cleared at $0.1123 Downside liquidity swept — watch reaction 👀 🎯 TP Targets: TP1: ~$0.108 TP2: ~$0.104 TP3: ~$0.100 #gwei
CLO continues grinding lower with no relief Sellers still in full control $CLO 🔴 LIQUIDITY ZONE HIT 🔴 Long liquidation spotted 🧨 $2.1505K cleared at $0.13687 Downside liquidity swept — watch reaction 👀 🎯 TP Targets: TP1: ~$0.134 TP2: ~$0.130 TP3: ~$0.125 #Clo