Gold has confirmed a bearish transition after breaking below rising channel support and BOS level near 4650.
The double rejection near 4780 signaled exhaustion before the selloff began.
📉 Market Structure
• Pattern → Double-top rejection
• Trend → Bearish
• Momentum → Strong downside pressure
👉 Bias: Bearish
🔴 Resistance
4645–4665 → Immediate supply
4712 → Strong resistance
🟢 Support
4570 → First support
4538 → Secondary support
4520–4500 → Major demand
📌 Conclusion
Gold is now trading under bearish pressure, with pullbacks likely to face selling interest until a strong reversal structure appears.
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