Gold has aggressively recovered after the sharp sell-off seen on the 13th. The market formed a strong bullish impulsive leg from the lows near 4,880 and is now trading back into a key supply and mitigation zone between 5,020 – 5,060.
This area previously acted as a consolidation base before the breakdown — making it a high-probability reaction zone.
Price has tapped into:
This confluence makes it a potential reversal area.
This suggests the upside may be liquidity-driven rather than trend-changing.
A strong bearish candle close below 5,020 will increase probability of continuation to the downside.
If price breaks and sustains above 5,080 with momentum, the bearish setup weakens and upside continuation becomes likely.
Patience is key here — this is a reaction zone, not a blind sell.
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⚠️ Risk Disclaimer:
This market analysis is provided for educational purposes only and does not constitute financial advice. Always manage risk responsibly.
