Gold: 3,880.0-3,900.0 box, next levels 3,914.2 and 3,855.4
Gold trades at 3,890.9, between a ceiling at 3,900.0 and a floor at 3,880.0. The day has used 66% of its average range so far.
Ceiling 3,900.0: the 09:00 open, today's volume point of control and the session VWAP.
Floor 3,880.0: a large resting order wall and today's value area low.
Above 3,900.0 the next level is 3,914.2 (the daily pivot and the TP1 and MAE levels from the 09:00 open). Below 3,880.0 the map points to 3,855.4 (yesterday's low and the TP3 level from the 09:00 open). CVD did not confirm the last push lower.
Context: 15m down, 1h down, 4h down, daily down; funding 0.005% per 8h; long/short accounts 0.64; more shorts than longs on the liquidation map (112M vs 71M).
What changes the map: a 15m close back above the 09:00 open at 3,900.0, or the 3,880.0 wall being pulled instead of filled.