📌 Market Structure Update:
Gold is currently trading inside a tightening triangle pattern, showing clear liquidity grabs on both sides. After yesterday’s strong drop, price tapped a key demand zone and reacted aggressively. Now the market is moving between well-defined supply & demand zones, giving both bullish and bearish setups.
🔶 Key Observations
🟫 Major Supply Zone (Top Zone)
Price previously rejected strongly from this area, showing sellers are active here. If price retests this zone again, expect another possible sell reaction.
🟨 Intraday Supply Zone
A smaller supply just below the major zone. Price may spike into this area before giving downside continuation or bull trap.
🔷 Triangle Structure
Price is squeezing between diagonal support & resistance. A breakout is coming soon.
📉 Bearish Scenario
Failure to break the triangle top or rejection from the yellow zone may push price back into demand, and a break of the blue support could target the 4,180 liquidity zone.
Gold is currently trading inside a tightening triangle pattern, showing clear liquidity grabs on both sides. After yesterday’s strong drop, price tapped a key demand zone and reacted aggressively. Now the market is moving between well-defined supply & demand zones, giving both bullish and bearish setups.
🔶 Key Observations
🟫 Major Supply Zone (Top Zone)
Price previously rejected strongly from this area, showing sellers are active here. If price retests this zone again, expect another possible sell reaction.
🟨 Intraday Supply Zone
A smaller supply just below the major zone. Price may spike into this area before giving downside continuation or bull trap.
🔷 Triangle Structure
Price is squeezing between diagonal support & resistance. A breakout is coming soon.
📉 Bearish Scenario
Failure to break the triangle top or rejection from the yellow zone may push price back into demand, and a break of the blue support could target the 4,180 liquidity zone.
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