107
As the Asian session opened, oil reacted strongly after Trump rejected Iran’s peace proposal.
Oil pushed higher and continued retesting the key resistance zone around $100.

Meanwhile, gold is currently trading right at an important support area:

4660–4670

This will be the key zone deciding whether buyers can still hold the current market structure.

Personal View

If price breaks below 4660 → the market could extend lower toward:

4640 | 4620 | 4600 | 4580 | 4540 | 4520 | 4500

On the other hand, if this zone holds → gold may continue moving sideways while waiting for more geopolitical headlines and policy news.

Key Observation

H1 continues printing long upper wicks, showing that selling pressure is still clearly present.

Resistance To Watch

4723–4727 | 4750–4752 | 4800 | 4830

Trading Plan
I still prefer SELL STOP around 4655
SL: 20 points
Focus on trading the range and selling based on price reaction
Main Idea

4660 is currently the key short-term structure zone.
Hold above it → sideways continues
Lose it → the market may enter a deeper pullback phase.

“The market usually waits for confirmation at support before revealing the real trend.”


Do you think 4660 will hold the structure — or is this just the beginning of a bigger breakdown?

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