• Gold Remains Under Pressure as 4580 Continues to Cap RecoveryGoldOANDA:XAUUSDFM-ForexMastermind1. Macro Drivers Gold reversed lower after the previous rebound, falling back toward the 4,520 area during the early European session on Tuesday as risk-off sentiment returned to the market. The US Dollar regained safe-haven demand after renewed uncertainty surrounding the ceasefire agreement, following recent US defensive strikes against Iran, which increased geopolitical concerns across the market. 2. Market Structure & Liquidity From a structural perspective, the market still remains in a sideways-to-bearish condition, with a relatively wide trading range between 4580 – 4460. Price action continues to show repeated rejections at both boundaries, reflecting a market environment still heavily driven by liquidity flows rather than a confirmed directional trend. At this stage, the market has not yet developed enough momentum for a stronger bearish expansion. 3. Flow & Bias Short-term momentum conditions remain bearish as renewed US–Iran tensions continue supporting oil prices and strengthening safe-haven demand for the US Dollar. At the same time, rising energy prices are increasing concerns over commodity inflation, which could encourage the Federal Reserve to maintain a hawkish stance for longer. This continues to create downside pressure on non-yielding assets such as gold. 4. Short-Term Outlook Meanwhile, today’s economic calendar remains relatively light, suggesting that gold may continue trading within the current sideways-to-bearish structure, with downside pressure still focused below the 4500 level. A confirmed breakout below 4460 could trigger a broader bearish continuation phase. However, if price unexpectedly breaks back above the 4580 – 4585 supply zone, buyers may return aggressively and shift short-term momentum back toward bullish conditions. Continue monitoring US–Iran developments closely, as geopolitical headlines remain one of the key catalysts shaping short-term capital flows and potential breakout conditions in the gold market. Wish you a successful trading day 🤍