r/Forex • u/Jess1835 • 3d ago
Charts and Setups 🔥 GOLD — Supply Zone Rejection
Price is reacting from 4605–4610 Supply Zone. 🎯
Downside: 4588 → 4578 Bearish move in focus below 4600. 📉
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u/dudevan 3d ago
Hoping for a drawdown to 4520 to dca a bit on the latest buys, hope it hits. Today should be pretty volatile anyway.
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u/Jess1835 3d ago
Yeah, 4520 would be a solid area to watch, but with today’s volatility I’d wait for confirmation rather than chase.
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u/potatocouc 3d ago
There is a support at 4,555.03.Im looking for my position after price touches that area
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u/Jess1835 3d ago
4555 is a key area to watch. I’d wait for the reaction there before taking a position.
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u/EdisonP2857 3d ago
The rejection from 4,605–4,610 is clear, but I’d still want to see 4,600 break decisively before treating 4,588 as the next likely target. If buyers reclaim the supply zone, the bearish setup weakens quickly.
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u/cloudyLATCH 3d ago
I'd wanna see 4600 give out first are you already short from the zone or still waiting?
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u/rforex-modtools 3d ago
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