#GOLD UPDATE (1Hr Timeframe)

Gold has shown a strong recovery after the recent downside move. The market structure is slowly turning bullish, but a clear breakout confirmation is still pending.

👉 Key Observation:

Gold took strong buying support from the 4865–4870 demand zone and created a higher low, which is a positive sign for buyers. This indicates smart money accumulation at lower levels.

Currently, the price is facing resistance near the 4995–5005 zone, which is an important supply area. A reaction or consolidation from this level is expected.

⸻

🔥 Bullish Scenario:

If Gold gives a strong 1Hr breakout and closing above 5005, we can expect continuation towards:

➡️ 5030 – 5050 levels

Breakout and retest could provide good buying opportunities.

⸻

⚠️ Bearish Scenario:

If the price fails to hold and sustains below 4950, a pullback or deeper correction is possible.

Downside targets:

➡️ 4920 – 4885 zone

⸻

📊 Key Levels to Watch:

✔️ Resistance: 5005

✔️ Support: 4950

✔️ Strong Demand: 4865

⸻

💡 Trading Insight:

The market is currently in a range-to-breakout phase. Patience and proper risk management are important. There is also a high probability of fake breakouts, so always wait for confirmation.

Disclaimer: Not financial advice. Trade with proper risk management.