Gold is currently showing mixed momentum as price trades below the 100-day SMA, signaling short-term pressure while maintaining a broader bullish structure. 📉📈

🔍 Technical Overview:
Price holding below 38.2% Fibonacci retracement → short-term bearish bias
100-day SMA acting as resistance
200-day SMA trending upward → long-term bullish structure intact
RSI at 41 → weak bullish momentum
MACD below zero → bearish pressure still active

🎯 Key Levels to Watch

🔺 Resistance:
4,592 → 38.2% Fibonacci
4,637 → 100-day SMA
4,747 → 50% Fibonacci (major recovery level)

🔻 Support:
4,470 → recent lows
4,401 → 23.6% Fibonacci
4,200 – 4,150 → strong demand zone
4,129 → 200-day SMA (major support)

⚖️ Market Outlook
As long as price holds above 4,401 & 200-day SMA, the bullish structure remains valid.
However, failure below this zone could trigger strong bearish continuation. ⚠️

🚨 Trader Insight
This is a decision zone for GOLD.

Smart traders are waiting for:
✔ Break above resistance → BUY continuation
✔ Break below support → SELL confirmation

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