GOLD Situation OverviewGOLD (US$/OZ)TVC:GOLDcryptodailyuk📉 4H Context) The overall trend is still down (lower highs on the left side of the chart + respected blue trend line). The rebound from ~4100 was strong, but for now it looks like a correction in the downtrend. The price is roughly in the middle of the range → no advantage. 🔑 Key levels 🟢 Resistance: 4.754 – 4.800 → local range high (currently being tested) 4.913 → stronger level (previous consolidation) 5.130+ → HTF resistance + downtrend line 🔴 Support: 4.596 → important level (if broken = weak) 4.404 → next target on declines 4.105 → extreme / main low 📊 Indicators RSI: Around 40–50 → lack of momentum Slightly bearish → supply advantage MACD: Going down Histogram near zero → lack of trend strength ➡️ Signal: consolidation / possible dump 📈 What now? Scenario 1 (more likely): ➡️ Rejection of 4.75–4.80 and a return to the downside Target: 4.60 → 4.40 Typical: Lower high in a downtrend Scenario 2: ➡️ Breakout of 4.80 with volume Then: 4.91 Then 5.10–5.13 (trend line) But: 👉 As long as you're below 4.90 → it's still a correction, not a bull trend 🧠 Conclusion (most important) The market is in the middle of the range – the worst place to play bullishly Shorts have a better edge at resistance than longs in the middle You'll only get the true direction after a breakout: 🔼 4.90 → bullish 🔽 4.59 → bearish continuation