Gold continues to recover after defending the intraday support, but the overall short-term structure remains corrective. Price is now approaching the 4075 resistance area, which aligns with the descending trendline. Unless buyers can break and hold above this level, the preferred strategy remains to sell the rally in line with the prevailing bearish structure.

🔴 Primary Scenario – Sell the Pullback

Wait for price to test the 4075–4080 resistance zone. A bearish rejection on M30 would provide the preferred opportunity to rejoin the downtrend.

Sell Zone: 4075 – 4080
Target 1: 4040
Target 2: 4030

🟢 Alternative Scenario – Bullish Breakout

If gold breaks and closes above 4080, the short-term bearish setup will be invalidated. Buyers could then extend the recovery toward the 4110–4115 resistance zone before facing stronger selling pressure.

📌 Key Levels

🔹 4075 – 4080 → Intraday resistance and preferred selling zone.
🔹 4040 → First support and initial downside objective.
🔹 4030 → Key demand zone if bearish momentum resumes.
🔹 4110 – 4115 → Major resistance if buyers achieve a breakout.

📊 Session Bias

Bearish

The current recovery is still viewed as a corrective bounce inside a broader bearish structure. Chasing long positions into resistance carries lower probability, while waiting for bearish confirmation around 4075 offers a cleaner scalping setup.

Trade with the trend, wait for confirmation, and let price come to your levels.