Gold Intraday Signal: Sell Below 4,600
Analysis
Gold (XAUUSD) on the 1-hour timeframe is showing a corrective bullish phase within a broader bearish market structure. After forming a strong low, price has pushed upward but is now approaching a key weak high around 4,580–4,600.
This area represents internal liquidity and previous distribution, where price has already shown signs of rejection. The current move lacks strong continuation and is forming a potential lower high, which aligns with the bearish structure.
Below current price, a well-defined demand zone around 4,450–4,500 acts as a liquidity target. This creates a high-probability scenario where price rejects from current levels and rotates back into that zone.
As long as price remains below 4,600, the market bias remains bearish, favoring downside continuation.
Trade Setup
Enter: Sell near 4,560–4,600
Stop-Loss (SL): 4,650
Target A: 4,500
Target B: 4,420