Saad Ullah
⬤ Gold is hovering near the 4,500 level after a sharp drop confirmed a bearish market structure. The chart shows a clean break of structure followed by a market structure shift, with price getting rejected from an order block and fair value gap zone. As analyst Uzaif FX noted, this reaction from supply areas has reinforced the bearish case, with price continuing lower after failing to hold upward momentum.
⬤ The rejection from the upper order block near 4,700 was followed by a breakdown through key support around 4,520. This lines up with the broader setup covered in Gold drop below $4500 keeps bears in control as $4550 becomes key, where losing structural support signals downside continuation. Fair value gaps between roughly 4,560 and 4,600 point to inefficiencies where price reacted before pushing lower.
⬤ Price action near 4,500 shows brief consolidation after the impulse move, but the structure stays bearish as long as price remains below key resistance. XAU/USD gold price analysis - $4,570 support level determines next move described similar conditions, where the 4,570 level became the line between recovery and further decline. Macro context adds weight to the move, with Gold drops 15% despite war debasement trade tested showing that even safe-haven demand hasn't been enough to reverse the selling pressure.
⬤ Downside targets at 4,450, 4,350, and 4,290 align with lower liquidity zones visible on the chart, with the highlighted area extending toward 4,290. This is a continuation scenario after structural breakdown, where price seeks lower equilibrium following supply rejection. Bearish momentum remains intact, with further downside dependent on how ongoing price action develops.
Saad Ullah
