Gold is still in a short-term uptrend.
You can see the price moving inside a rising channel and creating higher highs and higher lows. This shows buyers were controlling the market earlier.
Possible Market Scenario
Based on the structure drawn on the chart:
Step 1: Price pushes slightly higher into resistance
Step 2: Liquidity grab above the highs
Step 3: Sellers enter strongly
Step 4: Price drops toward the lower FVG zones (4720 → 4680)
Key Trading Idea
The market is currently at a decision zone.
Two possibilities:
Bullish Case 📈
- Clean breakout above 4870
- Then continuation higher
Bearish Case 📉 (More likely based on your drawing)
- Fake breakout/rejection at resistance
- Drop toward 4720 – 4680 liquidity zones
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