- July 20, 2026
- Posted by: EWGFX
- Category: Technical analysis
Market Observation
Gold is currently trading within a short-term retracement after a bearish impulse. Price is approaching a key institutional supply area where sellers may become active.
Key Levels
Primary Sell Zone: 4030–4038
Secondary Supply Zone: 4055–4068
Bearish Targets: 3990 → 3960
What I’m Watching
Liquidity sweep into the marked supply.
CHoCH / MSS confirmation on lower timeframe.
Bearish BOS with displacement.
FVG retest for potential continuation.
Bearish Scenario
If price rejects from the marked supply and confirms market structure, continuation toward lower liquidity remains possible.
Bullish Scenario
If buyers gain acceptance above the higher supply zone with strong displacement, the bearish outlook weakens and a move toward higher liquidity becomes more likely.
Invalidation
A sustained move above 4068 would invalidate my current bearish idea.
Confluences Used
Smart Money Concepts (SMC)
Order Blocks
Market Structure
Liquidity
Supply & Demand
ICT Kill Zones
Risk-to-Reward Planning