Gold Analysis – Bearish Trend Continues

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Gold Analysis – Bearish Trend ContinuesGold vs US DollarICMARKETS:XAUUSDSibiShGold is currently trading around 4837 after a strong bearish breakdown below the 4950-5000 support zone which has now turned into resistance. The market structure clearly shows bearish momentum with a confirmed BOS and price respecting a descending trendline. After the sharp drop price is now in a minor consolidation phase near 4830-4850 suggesting a possible short-term pullback before continuation. As long as price stays below 4950 sellers remain in control and further downside toward 4700-4720 is likely after any retracement. Trade Plan Sell Setup Sell Zone: 4920–4950 Trigger: H1 bearish rejection or strong bearish candle close from this resistance zone Targets: 4880, 4820, 4720 Invalidation: H1–H4 close above 5000 Trade Plan Buy Setup Buy Zone: 4700–4720 (major support + trendline area) Trigger: H1 bullish rejection or strong bullish candle close from support Targets: 4780, 4850, 4920 Invalidation: H1 close below 4680 Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!