Mobarok Hossain
April 25, 2024
Spot Gold (XAU/USD) has encountered significant selling pressure at the **4,066.12 – 4,098.37 H4 Fair Value Gap (FVG)** resistance band. Following this rejection, price action broke below local higher-low structure, confirming a **Market Structure Shift (MSS)**. The market is currently undergoing a minor corrective pullback to retest the newly formed MSS supply block around **4,032.40**, setting up a bearish continuation framework toward lower demand.
### **Key Technical & Liquidity Levels**
* **Overhead Supply / H4 FVG Zone:** **4,066.12 – 4,098.37** — Major institutional rejection block.
* **MSS Supply / Retest Level:** **4,032.40** — Immediate resistance pivot created by the structural breakdown.
* **Dynamic Support:** Ascending trendline extending through recent swing lows around **4,015.00**.
* **Primary Target (Structural Floor):** **3,989.20** — Major downside liquidity pool and key support level.
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### **Technical Breakdown & Execution Strategy**
1. **H4 FVG Rejection & MSS Validation:** The failure to hold above **4,066.12** combined with the subsequent H1 close below **4,032.40** confirms that sellers have assumed short-term market control.
2. **Retest Execution Phase:** A corrective push into **4,032.40 – 4,040.00** provides a potential lower-high setup. Rejection signs from this zone favor an expansion leg lower.
3. **Downside Expansion Path:** Continuation below the ascending trendline opens the path toward the main target at **3,989.20**.
4. **Setup Invalidation:** A sustained candle close above **4,066.12** invalidates the bearish MSS structure, restoring a neutral-to-bullish outlook.
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*Disclaimer: This analysis is provided strictly for educational purposes and does not constitute financial or investment advice.*
