Selling pressure – gold price drops below the 4177 FVG.

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#XAU/USD# Selling pressure – gold price drops below the 4177 FVG.

1.FVG 1: 4,195–4,202
Deep Pullback Zone
Price has reacted bearishly in this area, where the FVG overlaps with the descending trendline. If price returns to this zone and shows rejection, sellers may continue to maintain control.

FVG 2: 4,173–4,180
Key Pullback Zone to Watch
This is an important area to monitor for a technical pullback, as it is also located near the descending trendline. Wait for confirmation on the M15 timeframe rather than selling simply because price touches this zone.

2.Trendline – Bearish Structure
The descending trendline connecting the highs around 4,217 and 4,200 remains unbroken.
Price continues to form lower highs, indicating sustained selling pressure in the short term.
The rebound toward 4,195–4,200 was rejected, followed by a sharp decline.

3.Conclusion: Gold is consolidating after the recent decline, but there is no clear signal yet to confirm a bullish reversal. The 4,173–4,180 zone is a key area to watch if price rebounds. Conversely, a break below 4,150 would increase the likelihood of price moving toward 4,134.

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SIGNAL : SELL GOLD zone 4177 - 4180

SL : 4185

TP : 4160 - 4144 - 4120

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