Gold's Next Move – 3000 in Sight or Deeper Correction First?

🔥 Gold Market Analysis – Are We Heading for a New ATH? 🔥

📈 Extreme Bullish Momentum – But Signs of Exhaustion?
Last week, price showed strong bullish momentum, pushing to a new all-time high (ATH). However, despite this strength, we have also seen deep pullbacks, signaling that sellers are active at key levels.

🔍 Key Observations:
✅ 4H Bullish FVG (2923 - 2915) has been tested 3 times – Each time, price has bounced significantly, with one of those bounces even leading to a new ATH.
✅ Friday’s reaction off this zone suggests buyers are still defending it, but price is struggling to push up as aggressively as before.
✅ Liquidity Sweep & Strong Rejection – We swept the 4H Asia high, tapped into a 1H Bearish OB (2947 - 2940) just above the liquidity grab, and then dumped 100+ pips 📉.

🔮 Possible Scenarios Moving Forward:

📌 Scenario 1 – Bullish Continuation 🚀
Price could attempt to fill the 4H Bullish FVG (2923 - 2915) and then bounce back up, targeting the ATH again.
If we break above the 1H Bearish OB (2947 - 2940), it could trigger further bullishness, potentially driving price towards 3000.

📌 Scenario 2 – Deeper Pullback Before Another Push Up 🔻
If price fails to hold the 4H FVG, we could see a drop down to the 4H Bullish OB (2886 - 2877), where buyers are likely waiting.
A strong reaction from this zone could set up a higher low formation, allowing bulls to re-enter and push towards the ATH again.

💡 Final Thoughts:
The market is at a critical point, and liquidity sweeps are playing a major role in shaping price action. If we see a clean break above resistance, 3000+ could be in sight. However, failure to hold key demand zones might lead to deeper corrections before another bullish leg.

🔥 Stay patient, follow the levels, and trade smart! 🔥