Gold is showing a clear bearish structure after multiple CHoCH + BOS confirmations, signaling a shift from bullish to downside momentum. Price is consistently making lower highs and lower lows, respecting supply zones.
Currently, price has reacted from a FVG + Fibonacci resistance zone (0.618–0.705) and is pushing lower. The rejection confirms strong selling interest in that area.
If this momentum continues, price is likely to move toward the next demand zone around 4620–4613. A minor pullback may happen, but overall pressure remains on the downside.
Bias: Bearish 📉
Key Resistance: 4670–4680
Target Zone: 4620 → 4613
Confirmation: Continuation below recent lows
⚡ Sellers in control — watch for pullbacks to sell!
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now