Gold is currently showing rejection from range highs while forming lower highs inside a supply zone, indicating growing short-term bearish pressure.

The structure suggests that sellers are gradually gaining control, and unless buyers reclaim key resistance, downside continuation remains the higher-probability scenario.

🔑 Key Resistance Levels

R1: 4771

R2: 4777 (Key Invalidation Level)

R3: 4785

This zone remains critical for sellers.

As long as price stays below 4777, bearish momentum is expected to continue.

🔻 Key Support Levels

S1: 4751

S2: 4735

S3: 4720

A move toward 4751–4735 is the most likely short-term downside target if current pressure continues.

📊 Market Outlook

Gold is respecting supply and forming consistent lower highs, a classic sign of bearish continuation behavior.

📉 Bearish Scenario:

Below 4777 → Targets 4751 → 4735 → 4720

📈 Invalidation Scenario:

A clean break and hold above 4777 may weaken bearish pressure and push price toward higher resistance zones.

🧠 Trading Insight

⚠️ Avoid chasing trades inside minor consolidation zones.

✔️ Wait for clear rejection signals or breakdown confirmation before entering positions.

Patience and discipline remain key in range-bound conditions.

For more market insights : https://t.co/2BkxilNbVF

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