Gold Market Update
Gold is currently trading near $5,007, continuing its bearish momentum after multiple Breaks of Structure (BOS) to the downside.
The market rejected the $5,045–$5,060 supply / FVG zone, triggering a strong sell-off toward the $5,000 psychological level, where liquidity is currently resting.
Market Structure
• Clear lower highs and lower lows
• Strong rejection from $5,045–$5,060 resistance
• Price approaching sell-side liquidity near $4,995
This suggests institutions may push price lower to collect liquidity before a potential reversal zone.
Key Levels
Resistance (Sell Zones)
• $5,030 – $5,045
• $5,050 – $5,060
• $5,078
Support (Liquidity Targets)
• $4,995
• $4,970
• $4,950 – $4,940 demand zone
📉 Bearish Scenario:
Break below $4,995 may extend toward $4,970–$4,950 demand.
📈 Bullish Scenario:
Reclaim above $5,045 could trigger a short-term corrective bounce.
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