Gold remains under selling pressure after a sharp correction from recent highs. The move was largely driven by a strong U.S. Dollar and rising yields, which continue to limit upside potential.
📉 Market Structure
• Trend → Bearish to Consolidation
• Momentum → Weak
• Market Behavior → Sell on rise
Gold has broken below key consolidation zones, confirming short-term weakness.
🔻 Resistance Zones
4600 – 4620
Immediate supply area where sellers may re-enter.
4680
Major resistance — break above may signal reversal.
🔻 Support Zones
4520 → Immediate support
4480 → Breakdown level
4420 → Next bearish target
📌 Conclusion
Gold remains in a bearish structure, and rallies into resistance zones may present selling opportunities. Monitoring reactions near 4600–4620 and 4480 will be critical for the next directional move.
For signals and market insights : https://t.co/ELFbqwE38H
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