Trend: Overall bearish structure remains intact despite the recent strong bullish rally.
Current Price: Around 4260.
Price has rallied directly into a major resistance / supply zone (4315–4340) marked on your chart.
The blue arrow and risk/reward box indicate a potential rejection from this resistance.
The recent move appears to be a retracement rather than a confirmed trend reversal.
Bearish Scenario (Higher Probability)
Sell Zone: 4315 – 4325
Stop Loss: Above 4340
Target 1: 4123
Target 2: 4080
Target 3: 4040 (if bearish momentum strengthens)
Bullish Invalidation

If a 5H candle closes above 4340 with strong volume, the bearish setup becomes invalid and gold could continue higher toward 4375–4400.

Trading Plan
✅ Wait for bearish confirmation (rejection candle, bearish engulfing, or lower high) inside the resistance zone before selling.
❌ Avoid chasing the current upward move into resistance.
📊 Risk management: Keep risk below 1–2% per trade.