Gold is showing a short-term recovery after the sharp drop, but the overall structure remains bearish.
Price is currently pushing higher within a corrective move, likely targeting the 4960–4970 supply zone, which aligns with the previous breakdown area.
This zone is key.
👉 If price reacts here, it could confirm seller re-entry.
As long as gold stays below this resistance, the broader trend remains intact, and downside continuation toward 4830 and below remains the preferred scenario.
For now, this looks more like a pullback into resistance rather than a reversal.
Price is currently pushing higher within a corrective move, likely targeting the 4960–4970 supply zone, which aligns with the previous breakdown area.
This zone is key.
👉 If price reacts here, it could confirm seller re-entry.
As long as gold stays below this resistance, the broader trend remains intact, and downside continuation toward 4830 and below remains the preferred scenario.
For now, this looks more like a pullback into resistance rather than a reversal.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
