Gold is currently trading near 4722, forming a compression structure under a descending trendline.

This indicates the market is preparing for a potential breakout move.

📉 Market Structure

• Trend → Range-bound

• Phase → Compression

• Momentum → Mild bullish bias

• Outlook → Breakout pending

👉 Bias: Wait for confirmation

🔴 Resistance

₹4747–₹4748 → Major upside target

Trendline → Immediate breakout trigger

🟢 Support

4709–4700 → Demand zone

4689 → Lower support

📌 Conclusion

Gold is currently in a make-or-break compression zone, where a breakout above trendline could trigger upside expansion, while rejection may push price back into demand levels.

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