Rohiman

Key support structure — Prior horizontal support from pre-surge base (~4689–4703) held multiple touches, confirming it as a structural demand zone.Price has pulled back sharply from the 4768 swing high, clearing out weak longs and sweeping liquidity down into a confluent demand zone sitting between  4689.91 and 4702.65 . This area aligns with a clearly marked key support structure on the chart — a level that previously launched the sharp bullish expansion earlier in the session — further reinforced by an M5 hidden demand zone sitting directly on top of it. The thesis is simple: smart money has accumulated, retail stops have been collected, and price is now positioned to reclaim higher ground. We are looking for a bullish M5 confirmation candle (engulfing or pin bar) before

Market Context Gold has been in a strong bullish impulse from the  0.000 swing low (4501.46)  up to the  1.000 swing high (4764.32) . However, price has now broken below the  0.618 Fibonacci retracement (4663.91)  — a significant structural failure — and is currently consolidating just above this broken level at  ~4664.08 . Short Setup Rationale Entry Confluence: Price  broke and closed below 0.618 (4663.91)  — bearish structural shift confirmed Key resistance zone  sits at  4708–4717  (previous support turned resistance) Failed recovery attempts below  key support (4683.89)  add bearish pressure Momentum clearly shifted south after the May 8 swing high rejection Ideal Entry:  Bearish retest / rejection of