Gold is trading near 4679 with a minor bounce, but overall trend remains bearish as higher timeframes and indicators show strong selling pressure. The current move looks like a short-term pullback, not a reversal.
Key Levels
* Resistance: 4680 – 4725
* Support: 4628 – 4584
📉 Bearish View
* Below 4680–4700, expect downside continuation → 4628 → 4584
📈 Bullish View
* Above 4725, short-term bounce possible → 4778
Strategy
* Prefer Sell on Rise
* Buy only on confirmed breakout above 4725
Conclusion
Trend is bearish, focus on selling unless breakout happens.
⚠️ Disclaimer : For educational purposes only. Trade with proper risk management.
Key Levels
* Resistance: 4680 – 4725
* Support: 4628 – 4584
📉 Bearish View
* Below 4680–4700, expect downside continuation → 4628 → 4584
📈 Bullish View
* Above 4725, short-term bounce possible → 4778
Strategy
* Prefer Sell on Rise
* Buy only on confirmed breakout above 4725
Conclusion
Trend is bearish, focus on selling unless breakout happens.
⚠️ Disclaimer : For educational purposes only. Trade with proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.