Gold is currently showing a bullish retracement, but the broader structure remains bearish. The current move appears to be a pullback into supply, rather than a full trend reversal.
📉 Market Structure
• HTF → Bearish (BOS intact)
• LTF → Bullish retracement
• Market Phase → Pullback into resistance
👉 Bias: Bullish short-term → Bearish continuation
🔴 Sell Zone
4,480 – 4,550
This remains the key resistance zone where rejection probability increases.
🟢 Support Zones
4,420 – 4,390 → Immediate support
4,350 – 4,300 → Strong demand
📐 Fibonacci Reaction Zone
0.618 – 0.786
Primary rejection area.
📌 Conclusion
Gold remains in a sell-the-bounce environment, with rejection from supply zones likely to drive the next bearish move.
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