u/Sammy_605

Gold kicked off the Asian session with a strong gap-up and is already up around +2.5%, showing clear bullish strength. However, chasing at highs might not be the best move right now.

📉 What to watch:

A potential dip around the London open could offer cleaner entries. Price is likely to find support near the 4H IFVG zone around 4790, making it a key level to watch for longs.

📊 On the 1H timeframe, gold looks a bit overextended, so waiting for a pullback into a bullish FVG could provide a much better risk-to-reward setup.

🔑 Key Levels:

• Resistance: 4900 / 5016

• Support: 4555 / 4350