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Market environment (short term)
Gold showed a strong downward trend and then entered a technical correction phase. The current move is bullish in nature and driven by liquidity rebalancing and is not a confirmed trend reversal.
Gold showed a strong downward trend and then entered a technical correction phase. The current move is bullish in nature and driven by liquidity rebalancing and is not a confirmed trend reversal.
Market Structure and Price Behavior
The short-term structure remains bearish with lower highs.
A sustained recovery is a retracement of a decline, not a new uptrend.
A valid upward breakout of this structure has not yet been confirmed on the intraday time frame.
Main technical areas
Buy/Sell Response Zone: 4,401 – 4,462
→Main distribution areas. Expect selling pressure and possible bearish reaction.
Medium Resistance: 4,348 – 4,350
→ Current reaction area where price may consolidate or show a false breakout before moving next.
Ordering/Purchasing Area:
4,322 – 4,326
4,285 – 4,290
→ Liquidity-rich demand areas may complete the pullback.
Main scene (MMF Mel)
The price continued its decline towards the 4.40x supply area, showing a bearish rejection or confirmation, before turning towards the demand area below.
alternative
If price accepts above 4,401 with strong upward offset and clean structure, the pullback could extend to higher supply near 4,46x.
Process and macro considerations
Liquidity remained weak at the beginning of the year, increasing the possibility of liquidity withdrawal from both parties. Patience is required – wait for price reaction in key areas rather than chasing momentum.
in conclusion
When the price is below the bid price, the bias remains Bearish to Neutral. Focus on price reactions in key areas rather than trends. Let the market reveal intent.
