Gold has completed a strong downward correction after failing to break the 4170–4200 resistance zone. Current price around 4084 shows sellers are still in control.
The recent bearish candles are strong, confirming momentum shifting to the downside.
Key Levels:
Major Resistance: 4145 – 4170
Support Zones:
4055 (first support)
4025 (strong support)
3988 (major support)
Bearish Scenario (most likely):
If price stays below 4145, expect continuation toward:
4055 → 4025 → 3990
A break below 4025 could open deeper downside.
Bullish Scenario:
Only if Gold breaks and closes above 4170, then buyers may target:
4200 → 4230
Market Condition:
Strong bearish momentum after top rejection.
Lower highs + pressure from sellers.


