FX.co ★ king.zelda | XAU/USD, GOLD

Hello everyone! I suggest analyzing the chart of gold (GOLD) on the hourly time frame. We have seen a new all-time high against the backdrop of the introduction of new US customs tariffs, which allowed the price to reach the level of 3167. However, after that, we saw a downward price movement, breaking through the liquidity level at the price of 3099. There we had equal lows, which I expected to potentially reverse back up. But it didn't happen. The market did not provide any additional information, as the gold quotes continued to move down. On the 1H chart, we have a series of bearish FVGs, which will act as magnets for the price in the future, but at the same time, they are capable of halting the recovery of quotes. Currently, the downside target is the nearest fractals on 1H at the price of 3076. I am waiting for price delivery and will make decisions afterwards. For now, I am skipping trading.