Hello Everyone,

Gold is currently trading inside a well-defined descending channel, with the overall market structure remaining bearish. Price is consolidating above the major liquidity zone between 3960–4000, making this the most important support area in the current market.

🔹 Bearish Scenario

As long as price remains below the descending trendline and fails to reclaim the 4200–4300 resistance zone, sellers continue to control the market.

A confirmed daily close below 3960 followed by a successful retest would likely trigger the next bearish leg toward:

3885
3818
3700–3600 Demand Zone

This area could provide the foundation for a larger bullish reversal if strong buying pressure returns.

🔹 Bullish Scenario

If buyers defend the 3960–4000 support zone, price may continue ranging before attempting a recovery.

However, the bullish bias is only confirmed after:

Reclaiming the first resistance zone.
Breaking the descending trendline.
Printing a confirmed CHOCH/BOS above the 4200–4300 area.

Only then would higher upside targets become valid.

📊 Key Levels

Support

3960–4000 (Major Liquidity Zone)
3885
3818
3700–3600 (High-Timeframe Demand)

Resistance

4150–4200
4200–4300 (Major POI + CHOCH/BOS Zone)
Descending Trendline Resistance

💡 Trading Plan

Bullish: Wait for a confirmed reclaim of resistance and a break of market structure before considering long positions.
Bearish: A daily close below 3960 with a successful retest would favor continuation toward the lower demand zone.

Overall Bias: Bearish in the short term, bullish only after structural confirmation.