Gold Faces Renewed PressureGold FuturesCOMEX_DL:GC1!HKCM_GlobalPrimary Scenario According to our primary scenario, gold futures completed a corrective rally with the last significant peak at the beginning of March. Since then, price has entered a downward impulse, with a counter-move currently unfolding that could extend up to resistance at $4854. After that, further sell-offs into our green Target Zone ($3876–$3335) are likely, where a larger downward move should ultimately come to an end. After this major low, we expect a more pronounced move to the upside. Alternative Scenario In our alternative scenario, gold futures would break above resistance at $4854 to establish a new corrective high (probability: 30%). In this case, price would turn lower later—but still remain below the $5626 level.