š 1. Technical Analysis
š Trend & Structure
Previous trend: bullish ā now weakening
Price has been rejected at the resistance zone 4.78x ā 4.80x
A lower high has formed
Slight breakdown below the short-term structure
š Overall:
The market is shifting from bullish ā sideways ā slightly bearish
Currently in a distribution phase / preparing for a potential decline
š§ Key Structure Insights
There is a GAP (imbalance zone) below ā price tends to move back to fill it
š Implication:
This is no longer a simple pullback
It signals the early stage of a new bearish leg
š Key Levels
š“ Resistance (Sell Zone)
4.74x ā 4.76x (recent retest)
4.78x ā 4.80x (major resistance)
šµ Support (Downside Targets)
Short-term: ~4.70x
Key zone:
4.68x ā 4.66x (GAP + demand)
Deeper level:
~4.64x (liquidity zone)
š 2. Macro Analysis (Gold / USD)
š¦ Fed Policy & USD
The Fed maintains a āhigher for longerā stance
Inflation (CPI / PCE) remains elevated ā not enough to justify easing
š Impact:
Strong USD
ā Downward pressure on Gold
š Bond Yields
Yields remain elevated
š Implication:
Reduces the appeal of non-yielding assets like Gold
ā Bearish for Gold
3 Signal
SELL GOLD ZONE : 4747 – 4750 SL : 4755
TP : 4730 – 4712 – 4688
It is necessary to be flexible and adapt to actual price fluctuations throughout the day.