🚨 GOLD TRADERS, PAY ATTENTION 👀
A few days back, I shared a bearish idea on Gold around the $4,476 zone and also warned in the chatroom that a drop could come.
📉 Now what happened?
Gold dropped cleanly to the $4,300 area.
That’s a solid move from the marked zone. ✔️
Now the real question is:
🔥 Is this correction done… or still more downside left?
📊 Current Market View
• 4,311 is acting as a key support
• A short bounce can happen from here
• Price can retest 4,350–4,390 if buyers step in
But don’t get confused here…
⚠️ Overall structure is still BEARISH
As long as price stays below 4,413–4,475, sellers are still in control.
Even if we see a bounce, lower highs will keep pressure on price and open way for 4,270 and below levels.
🎯 Simple View:
Bounce is possible
Reversal is NOT confirmed yet
Trend still favors sellers until resistance is broken.
👇 Now your turn
Do you see a bounce first 📈
or more dump coming 📉
Drop your view below 👇