🚨 MONDAY GOLD UPDATE | IS THE REAL SELL-OFF JUST BEGINNING? 📉
Gold's opening behavior matched expectations, but the bigger story is what happened after the open. Buyers managed to defend the 4047 area, yet every recovery has been weak, showing that sellers are still controlling the market.
📊 Market Structure
* Friday's strong bearish candle remains valid.
* Gold has already retraced nearly 50% of Friday's fall.
* Despite the bounce, buyers have failed to create a convincing bullish breakout.
That tells me the market is still favoring the downside.
🎯 Key Levels to Watch
🔴 Resistance: 4055–4065
🔴 Major Resistance: 4072
🟢 Support: 4047
⚠️ Main Liquidity Target: Below 4000
My focus remains on the liquidity sitting beneath last week's lows. Markets often move toward areas where stop losses are concentrated before deciding the next major direction.
📉 Trading Plan
✅ If Gold rejects *4055–4065*, I'll look for fresh selling opportunities.
✅ If price breaks and closes below *4047*, bearish momentum could accelerate.
✅ A clean move below *4000* may trigger panic selling before any meaningful reaction.
farah khan
