Gold is basing at 4057 after a 1.3% slide, with value leftGoldOANDA:XAUUSDkenkemdayfxXAUUSD, New York session read from my KenKem Master Volume Profile (MVP) indicator and strategy. CONTEXT Gold slid from the 4124 area into 4057 today and is now sitting below the whole developing value area, under VWAP and under an inverted EMA stack. The last hour has been a tight base between 4057.5 and 4069.5 ahead of the New York open. KEY ZONES - Resistance / supply: 4069.5, then 4082.9 (value area low and the 0.382 retracement of today's drop) - Support / demand: 4057.5 (today's low), then 4050 - Point of Control (volume magnet): about 4091 SCENARIOS (to watch, NOT signals) Bearish: a close under 4057.5 opens 4050, where the profile below is thin. Bullish: a close back above 4069.5 opens a retest of 4082.9. Range/unclear: stuck 4057.5 to 4069.5, stand aside until a decisive close. Invalidation: a close above 4091 voids the bearish map. WHAT THE MVP TOOL IS SHOWING The Master Volume Profile plots rolling value areas (VAH/VAL), the Point of Control, and a net-volume pressure read to locate where volume is building or drying up. This idea is the qualitative output of that tool; the strategy's internal thresholds, gating and entry/exit logic are not disclosed. Built with the KenKem Master Volume Profile indicator and strategy. Technical analysis only, by KenKem's algorithm, NOT financial advice. Trade your own plan and manage your risk.