Gold Intraday Signal: Pullback Toward 5200
Gold has rallied aggressively from the 4900–5000 demand zone and tapped into the 5400 supply region, where previous weak highs remain unbroken. The rejection from this supply cluster signals short-term exhaustion, with momentum beginning to rotate lower on the 4H timeframe. As long as price trades below 5400, a corrective pullback remains the preferred scenario.
The immediate demand sits around 5200, followed by a stronger support block near 4900. A sustained break above 5400 would invalidate the pullback thesis and expose liquidity toward 5550–5600. Until then, the structure favors short-term downside retracement within a broader bullish trend.
Trade Setup:
Enter: Short below 5400
Stop-Loss (SL): 5450
Target A: 5200
Target B: 5000
