GOLD TRYING TO BREATHE BUT BEARS STILL IN CONTROL?

Technical Analysis

https://preview.redd.it/vohwei4fv2yg1.png?width=1365&format=png&auto=webp&s=134c16ca85a63cc22e7713db8ce096019d797b8a

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

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