Gold is showing signs of a short-term bullish recovery after a strong bearish sell-off. Price has reclaimed local structure and pushed higher, suggesting a potential shift in short-term momentum.
🔍 Smart Money Concepts Breakdown
🔹 Bullish MSS: Price broke above the local structure around 4,030, signaling a potential bullish market structure shift.
🔹 Demand Zone: The 4,028–4,035 area is the key pullback zone to monitor for potential buying interest.
🔹 Local Resistance: The 4,065–4,070 zone is the immediate hurdle. A clean breakout and successful retest could support further upside.
🔹 Major Supply Zone: The 4,103–4,112 area is the next significant resistance and potential take-profit zone.
🎯 Bullish Scenario
If price holds the 4,028–4,035 demand zone and confirms bullish momentum, a move toward 4,065–4,070 could follow. A confirmed breakout above this area may open the path toward 4,103–4,112.
⚠️ Bearish Invalidation
A decisive breakdown below 4,028 would weaken the bullish setup and increase the risk of a deeper pullback.
📌 My View: Short-term bullish momentum is developing, but Gold is approaching resistance. Wait for confirmation at the demand zone and avoid chasing price directly into supply.
Trade the setup, respect the structure, and manage risk.
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