Gold at Decision Point – 4770 vs 4830GOLD (US$/OZ)TVC:GOLDMihai_IacobYesterday, Gold opened with a strong down gap and, after making a local low around 4735, price started to rise toward filling the gap — a classical reaction in such situations. After a strong initial move during the Asian session, price began to consolidate, trading in a range and showing buying interest on dips. Overnight, the gap was fully filled, and at the time of writing, price is trading back below the 4800 level. 📊 Market Context I usually prefer to keep a clear directional bias and avoid scenarios like “if not up, then down”. However, in this case, the market is sitting exactly between two key levels, and direction will depend on which one breaks. 📌 Key Levels 4770 zone → Support As long as price holds above this level, the short-term structure remains bullish 4830 zone → Resistance Bulls need a clear break above this level for continuation higher For now, this seems unlikely 📉 Alternative Scenario On the downside: A break below 4760–4770 Could signal that the correction that started late March is over In that case, a move of at least 1000 pips lower becomes possible 🚀 Final Thought Price is at a decision point. Above support → controlled bullish structure Below support → shift back to downside 🚀