Gold Intraday Signal: Downside Toward 4900
Analysis:
Gold (XAUUSD) continues to trade within a corrective structure on the 4-hour timeframe after rejecting the 5400 supply zone. The recent rally failed to sustain above this resistance, forming a clear rejection and signaling that sellers remain active near the upper liquidity area.
The market structure shows that the current bounce is likely a retracement within a broader consolidation phase. As long as price remains below 5400, the probability favors a move back toward the 4900 demand zone, where strong buying interest previously emerged. A break below intermediate support levels could accelerate the downside move toward this demand area.
Trade Setup:
Enter: Sell below 5250
Stop-Loss (SL): 5420
Target A: 5050
Target B: 4900
