GOLD TRYING TO BREATHE BUT BEARS STILL IN CONTROL?
Price shows a sharp sell-off followed by a weak consolidation near lows.
Momentum remains bearish as price struggles below dynamic resistance (super trend).
Resistance:
- Immediate: 4600
- Major: 4637
Support:
- Immediate: 4560
- Major: 4500
My View:
This looks like a pause after a dump, not a reversal yet.
Unless price reclaims 4630+, rallies are likely to be sold again.
What do you think is this accumulation or just another setup for continuation down?
Posted Apr 29, 2026, 6:59 AM UTC
20