Market Overview:

Gold is currently trading around 4605, showing a bearish-to-neutral short-term structure after a recent breakdown below the key 4600 level.

This level has now flipped into resistance, which is a classic sign of continued bearish pressure. Price is currently attempting a pullback retest, a common behavior following breakdown moves.

📉 Market Structure (1H)

Trend: Bearish → Neutral

Condition: Breakdown → Retest

Bias: Sell continuation

The current price action suggests a potential continuation move lower if resistance holds.

🔑 Key Levels (Intraday Focus)

🔴 Resistance Zones (Sell Areas)

• 4615 – 4625 → Immediate supply zone
• 4640 – 4655 → Strong resistance / trend shift zone

🟢 Support Zones (Targets)

• 4585 – 4570 → Immediate demand zone
• 4550 – 4535 → Next liquidity area

📊 Trading Scenarios

🔴 Primary Scenario — Bearish Continuation

If price fails to break above resistance:

📉 Sell Zones:

➡️ 4615 – 4625

🎯 Targets:

➡️ 4585 → 4570

➡️ 4550 → 4535

This aligns with the breakdown → retest → continuation structure.

🟢 Alternative Scenario — Structure Shift

If price breaks and holds above 4640–4655:

📈 Bearish bias weakens

📊 Possible deeper recovery or reversal

⚠️ Market Insight

✔️ Breakdown below 4600 = bearish signal

✔️ Retest = potential entry zone

✔️ Weak recovery = lack of buying strength

This is a classic continuation setup, often seen in trending markets.

📌 Pro Trader Note

Gold is currently in a sell-the-retest phase.

📉 Below 4625 → bearish pressure continues

📈 Above 4655 → reassess bias

Patience on pullbacks provides higher probability entries than chasing moves.

For more details : https://t.co/3XzG4OR5Am

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