🔍 Key Observations:
• Price rejected from resistance/supply zone near 4725
• Weak bullish follow-through → sellers stepping in
• Lower high forming on a lower timeframe
• Price likely targeting nearby demand / FVG below
🎯 Expectation:
• Short-term downside towards 4708–4695 zone
• Possible reaction from demand for the next move
⚠️ Invalidation:
• Strong break and hold above 4725 flips bias bullish
Gold is showing rejection from the top, and buyers are losing momentum here. Looks like a short-term pullback is likely before any strong continuation. Watching lower zones for the next reaction.
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