
Gold Bulls vs Bears: The Battle Starts Here
Gold is still trading inside a short-term bullish structure after reclaiming the 4675 support zone. Price is currently consolidating below the key resistance at 4727-4767, which aligns with the supply area and previous rejection zone.
Bullish scenario:
If buyers defend the 4675-4683 demand area, a continuation move toward 4728 and potentially 4767 is likely. A clean breakout above resistance could open the path toward 4834.
Bearish scenario:
Losing 4675 would weaken bullish momentum and may trigger a move back toward 4642 or lower liquidity zones.
Current structure favors buyers while price remains above support, but resistance overhead is still strong, so confirmation is needed before expecting expansion.