Gold is currently testing a strong resistance zone around 4840, showing multiple rejections and weak bullish momentum. Price structure indicates a potential lower high formation.
A rejection from this zone could trigger a bearish move towards the 4800 level, with extended downside targets near 4780 support.
πΉ Key Levels:
Resistance: 4840 β 4860
Support: 4800 β 4780
π Bias: Bearish below 4840
β οΈ Break above resistance invalidates this setup and may lead to further upside
ΠΠΎΠ²ΡΠΉ ΠΊΠΎΠΌΠΌΠ΅Π½ΡΠ°ΡΠΈΠΉ