Gold showed a strong reaction from the recent swing low, pushing prices higher in the short term. However, despite this bullish move, price remains below a major swing high resistance zone, keeping overall market sentiment cautious.
On the 1-hour timeframe, the broader structure still favors the bears, with a clear pattern of lower highs and lower lows dominating the trend. While buyers managed a temporary recovery, sellers continue defending key resistance levels.
Key Levels to Watch
🔹 Resistance Zone: 4520 – 4560
🔹 Support Zone: 4480
🔹 Next Bearish Target: 4440
Trading Outlook
Traders should watch for:
Focus Areas: Structure • Liquidity • Price Action
