
Gold Rejects Again Sellers Smell Blood?
Price failed to sustain the bounce and got rejected near resistance, keeping the bearish structure intact.
Lower highs continue to form while Supertrend pressure keeps buyers trapped below key levels.
Resistance:
Immediate: 4524
Major: 4526
Support:
Immediate: 4500
Major: 4460
My View:
The market still looks heavy and every bounce is getting sold into aggressively.
Unless bulls reclaim 4524 with momentum, downside continuation toward 4460 remains the higher probability move.
What do you think are we heading for another flush lower or will buyers finally step up here?
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