Gold Intraday Signal: Bearish Bias Toward 4900
Analysis:
Gold (XAUUSD) is currently trading within a corrective consolidation on the 4-hour timeframe after rejecting the 5400 supply zone. The recent rally toward this area formed a clear rejection and a Change of Character (ChoCH), suggesting that bullish momentum has weakened and sellers may regain control.
Price is now rotating around the 5150 area, which acts as a short-term equilibrium level inside the broader range. As long as gold remains below the 5400 resistance zone, the market structure favors a continuation toward lower liquidity levels.
The nearest major demand sits around 4900, where buyers previously stepped in and created strong support. A failure to reclaim the 5400 zone could gradually push the market back toward this demand area.
Trade Setup:
Enter: Sell below 5250
Stop-Loss (SL): 5420
Target A: 5050
Target B: 4900