GOLD: Has the Bearish Structure Returned

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📌 Highlights

• Yesterday’s ISM Services PMI came in below expectations, indicating that the expansion of the services sector is slowing, but it has not yet created an overly negative signal.

• The market is still waiting for more data to confirm the next direction.

• On lower timeframes such as M15–M30, gold has started to form a short-term bearish structure.

📌 Trading Plan

Resistance: 4135–4145 | 4165 | 4185–4200

Support: 4100–4110 | 4060 | 4030

📌 Personal View

✅ Today, the priority is to SELL.

✅ Look for SELL opportunities when price retraces to resistance zones and shows rejection signals.

✅ If 4100–4110 is broken, price may continue to test 4060 and deeper at 4030.

✅ If price breaks back above 4165, caution is needed as it may extend the rebound toward 4185–4200.

📌 What do you think?

Will gold continue to drop toward 4060, or is it just a correction within a larger upward move?

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