Gold is currently reacting below a strong D1 resistance zone 4048 after showing a structure shift on M30.
Price could pull back slightly toward 4016–4034 before sellers step in again.
Sell Zone 1: 4016
Sell Zone 2: 4048 Strong D1 resistance)
Target: 3940 – 3930
The bias remains bearish as long as price holds below the descending trendline.
A clear rejection from this supply area can lead to another strong drop toward the demand zone near 3938.
We’ll also share the bullish scenario in our next post stay tuned!
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