Gold - Bearish Scenario Still in Play

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๐ŸŸก GOLD INTRADAY โ€“ Phase-Based Strategy

๐Ÿ”ด Current Zone: Below $3,205
๐Ÿ“‰ Price is reacting to a key resistance area, indicating a potential short-term corrective phase.

๐Ÿ” Multi-Zone Analysis

๐ŸŸฃ Resistance Zone
โ†—๏ธ $3,265 โ€“ $3,425
Several rejection attempts at this zone โ€” strong selling pressure detected.

๐ŸŸข Support Zones
โ†˜๏ธ $3,050 โ€“ $3,080 (Phase 1)
โ†˜๏ธ $2,890 โ€“ $2,930 (Phase 2 โ€“ potential extension if broken)

๐Ÿ“Š Intraday Scenario

๐Ÿ”ฝ If rejection below $3,205 is confirmed:

Phase 1: Short-term target towards $3,050 โ€“ $3,080

Phase 2: Further downside potential if this zone breaks

๐Ÿ”ผ On the other hand, a move back above $3,265 would invalidate the bearish pressure and reopen the path towards $3,320 โ€“ $3,425

โš ๏ธ Stay cautious of macroeconomic events and USD movements.
Gold remains highly sensitive to major economic announcements.


๐Ÿ’ฌ Drop a boost if you agree with the setup & share your plan, preferred levels, or alternative scenario below ๐Ÿ‘‡

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