**GC Notes from Recent High Frame Price action 4/16-4/17**Gold Futures (Jun 2026)COMEX:GCM2026EthicalxTrader**GC Notes from Recent High Frame Price action 4/16-4/17** * GC is currently trading around **4,808**, continuing to hold above the **inverse head and shoulders neckline**. * The reversal structure off the **4,128 low** remains intact, but price is now clearly **stalling under resistance**. * We are seeing multiple candles rejecting around the **4,813 – 4,908 zone**, which confirms **sellers are still active in this area**. * Price is still holding higher lows, but momentum has slowed into a **tight compression range just below resistance**. * This is shaping into a classic **continuation vs rejection decision zone**. * The broader structure remains bullish, but short-term price action is showing **indecision at a key level**. Overall structure remains **bullish, but compressing under resistance**. **Levels I’ve been tracking** * **5,380**: Higher timeframe resistance * **5,265**: Extended target * **5,065**: Major breakout target * **4,813 – 4,908**: Key resistance zone * **4,808**: Current reaction area * **4,734**: Immediate support * **4,645 – 4,629**: Key demand zone * **4,548**: Stronger support * **4,400**: Must-hold level **Volume and behavior notes** * Volume remains **elevated compared to the prior consolidation phase**, supporting the broader reversal. * Recent candles show **reduced momentum and tighter ranges**, signaling **indecision under resistance**. * This type of structure often leads to either: * a breakout after compression * or a pullback to reset before continuation * Holding above **4,734** keeps the bullish structure intact. * A clean break above **4,908** likely opens continuation toward **5,065 → 5,265 → 5,380**. * A loss of **4,734** likely rotates price back toward **4,645 → 4,548 → 4,400**. **Overall read from my notes** GC remains **bullish overall**, but is now clearly **in a decision zone just under resistance**. The key range is: **4,734 – 4,908** Break above **4,908** → continuation toward **5,065+** Lose **4,734** → pullback into demand before the next move This is **not a chase area**, but a level to wait for confirmation into the overnight session.