GOLD Price Update – Clean & Clear Explanation

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GOLD Price Update – Clean & Clear ExplanationGoldOANDA:XAUUSDPintu_sahu01Gold setup where the market is in a clear downtrend, forming consistent lower highs and lower lows within a descending structure. Recently, price made a strong bullish pullback, pushing upward into a key resistance zone. This move appears to be a retracement rather than a full trend reversal, setting up a potential short (sell) opportunity the trade idea highlights selling from the upper resistance area around 4610–4620, where sellers are expected to step in. A stop-loss is placed above this zone to manage risk, while downside targets are positioned at key support levels. The first target is around 4560, and the second, deeper target is near 4520, both aligning with previous demand zones where price may react at the moment, price is hovering around a mid-level resistance zone near 4590–4600, acting as a decision point. However, the overall expectation remains bearish, with price likely to move lower from resistance toward the marked targets. Ps; Support with like and comments for better analysis Thanks for Supporting.