Gold Intraday Signal: Downside Toward 5000
Analysis:
Gold on the 1-hour timeframe continues to show a weakening structure after the sharp rejection from the 5400 strong high supply zone. The market formed a clear Change of Character (ChoCH) followed by a bearish Break of Structure (BOS), signaling that short-term control has shifted to sellers.
Price is currently consolidating around the 5110–5150 range, which appears to be a temporary equilibrium area after the recent decline. The inability of buyers to push price back above the 5200 resistance area suggests that bullish momentum remains limited.
As long as gold stays below 5200, the downside scenario remains dominant. The next liquidity pool sits around the 5000 demand zone, where buyers previously reacted. A continuation toward that level would align with the current bearish intraday structure.
Trade Setup:
Enter: Sell below 5150
Stop-Loss (SL): 5230
Target A: 5050
Target B: 5000
