Gold is currently in a clear bearish trend, forming consistent lower highs and lower lows, which shows strong selling pressure in the market.
After a sharp drop, the price is now in a small pullback phase, moving back toward a previous support turned resistance zone (4547–4550).
👉 This area is important because:
- It aligns with a supply zone/rejection area
- Price is struggling to break higher
- Sellers are likely to step in again
📉 Expectation:
If price rejects from this zone, we can see a continuation of the downside move toward the 4542 and 4539 levels.
📊 Trade Logic:
- Entry: Sell on pullback (4547–50)
- Stop Loss: 4560 (above resistance to avoid fake breakouts)
- Targets: 4542 → 4539 (next support levels)
#ForexForecast# #trading# #GOLDTODAY# #Malaysia#
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