Gold (XAU/USD) – 1H Analysis
Gold remains under bearish pressure after the aggressive selloff from the 4695–4705 supply zone. Current price is attempting a short-term retracement from the recent low near 4556.
*Technical Summary*
Strong bearish momentum broke multiple intraday supports.
Price tapped the liquidity zone near 4556 and reacted upward.
Current move looks like a corrective pullback rather than a confirmed reversal.
Fibonacci retracement shows key rejection levels between 4580–4605.
Gold (XAU/USD) – 1H Analysis
Gold remains under bearish pressure after the aggressive selloff from the 4695–4705 supply zone. Current price is attempting a short-term retracement from the recent low near 4556.
Technical Summary
Strong bearish momentum broke multiple intraday supports.
Price tapped the liquidity zone near 4556 and reacted upward.
Current move looks like a corrective pullback rather than a confirmed reversal.
Fibonacci retracement shows key rejection levels between 4580–4605
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