⬤ Gold is flashing bearish signals around the $4610 mark, and short-sellers are getting ready to pounce. The game plan is simple: look for sell opportunities near $4610 or $4600, with eyes on $4580 as the first target. If that support cracks, we're looking at $4570 next.
⬤ The chart tells the story – gold keeps bumping its head against $4610 resistance and can't break through. When resistance holds like this, price typically reverses. That's exactly what traders are betting on: a drop from current levels down to $4580, and potentially $4570 if momentum kicks in.
⬤ Watch these levels closely over the next sessions. Everything hinges on whether gold can defend $4580. If that support gives way, selling pressure could accelerate fast. The $4600 zone is where this trade lives or dies right now.
⬤ Gold looks vulnerable in the short term. The $4580 and $4570 levels are your roadmap. How price reacts when it hits these zones will tell you whether the bearish setup is playing out or if buyers are going to step in and defend.
