Gold Price Analysis: Bearish Momentum to 2615
GOLD is showing strong bearish momentum on the 4 H chart, with price action indicating further downside potential. Rejection from Resistance: The price faced a strong rejection at the $2,720–$2,725 resistance zone, highlighting sellers' control over the market. A clear break below the $2,680 and $2,675 levels confirms the bearish trend.Targets: The price is now moving toward critical liquidity zones around $2,615, $2,600 and $2,545, which are likely to serve as key targets for the ongoing downtrend.
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