Gold is currently trading under increasing bearish pressure after failing to break and hold above the major resistance zone near 4095–4105. The market attempted to continue its bullish recovery, but sellers stepped in aggressively, creating a strong rejection and pushing price back below the resistance area.

From a technical perspective, price has broken below the short-term trendline and is continuing to print lower highs and lower lows, which is a classic sign of a bearish market structure. The inability of buyers to sustain momentum suggests that selling pressure is dominating the current session. Unless bulls reclaim the resistance zone with a strong close, the overall outlook continues to favor the downside.

The highlighted supply zones have acted as powerful resistance multiple times, while the current price action indicates that every bullish retracement is being met with fresh selling. This increases the probability of another bearish leg toward lower support levels.

If sellers maintain control, the market could gradually move toward the following targets:

TP1: 4020 –
TP2: 3990 –
TP3: 3960 –

Overall, the technical structure continues to favor the bears as long as price remains below the 4095–4105 resistance zone. Any short-term bullish bounce should be treated as a potential retracement unless buyers successfully break and hold above resistance with strong momentum.

This analysis is shared for educational purposes only and should not be considered financial advice.