Gold is still trading inside a clear descending channel, and the price just rejected the 4668 resistance zone again.
That area is sitting right under the trendline, which makes it a strong supply zone.
Right now, the market looks like it's losing bullish momentum. If sellers keep control, we could see price sweep the range lows and move toward the 4600 liquidity area (strong low zone).
But as always with gold, liquidity grabs happen first.
A small bounce before the drop wouldn’t be surprising.
📉 Bias: Short below 4668
🎯 Potential liquidity target: 4600 zone
Smart traders know…
Gold usually moves where the liquidity is waiting.
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