XAU/USD Intraday Outlook: 4,960 Key Decision Level

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Price is trading around 4,948–4,958

Recent move shows a sharp sell-off, followed by consolidation

Volume increased during the drop → indicates strong selling pressure

Price is currently sitting near a previous resistance / intraday supply zone (your marked “fvg resistance level” around 4,936–4,948)

🔎 Market Structure
1️⃣ Short-Term Structure

Lower highs formed after the recent peak near 5,020–5,040

Breakdown created a short-term bearish bias

Current move looks like a pullback into resistanc

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