H1 28/07 SCALPING: WAIT FOR THE RETRACEMENT TO SELL

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Gold continues to trade within a broader bearish structure, with recent price action showing only a corrective rebound after the previous decline. The short-term recovery has yet to invalidate the dominant downtrend, making pullbacks into resistance the preferred area to look for selling opportunities.

🔴 Primary Scenario – Sell the Pullback

The focus remains on waiting for price to retrace into the 4068–4092 resistance zone. If bearish rejection or lower-timeframe confirmation appears, this area offers the highest-probability setup to rejoin the prevailing trend.

Sell Zone: 4068 – 4092
Target 1: 4035
Target 2: 4000

🟢 Alternative Scenario – Breakout

A sustained breakout and H1 close above 4092 would weaken the current bearish outlook. In that case, short positions should be avoided until a new structure forms, with buyers potentially targeting the next liquidity area higher.

📌 Key Levels

🔹 4068 – 4092 → Key resistance and preferred selling zone.
🔹 4032 – 4036 → Immediate support where buyers may attempt another short-term rebound.
🔹 4000 → Major downside objective if bearish momentum accelerates.

📊 Session Bias

Bearish

The broader trend remains bearish, while the current rebound is viewed as a technical correction rather than a trend reversal. Patience is key—waiting for price to revisit resistance provides a stronger risk-to-reward opportunity than chasing the move lower.

Trade with the trend, wait for confirmation, and let the market come to your levels.

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