Gold falling below $4000 is putting pressure on buyers, but that does not necessarily mean there is value.


I am watching to see if we get a bounce back above $4000 and a good re-test as this would indicate value. Alternatively, we could see continued rejection at this level and lower high consolidation which would increase the chances of a further fall. Until we get a clearer picture of either of these setups, avoid getting into positions.


From a short term perspective, the trade cost of Bitget CFD (Standard+, mark-up, no fixed commission) and ECN (raw spreads + commission) are worth noting. Rather than focusing on just commission, looking at the real spread and overall cost of the trade will help.


Are you more focused on gold bouncing back above $4000 or continuing its rejection below?