Gold Market Update
Overall Bias:
Below 5377, the overall market sentiment remains bearish (sell).
Sell Scenario
On the M15 timeframe, the momentum candle touched 5173, but the market remains bearish below 5187.
Sell Levels:
5180
5173
5162
5157
If the market closes below these levels, further downside targets are:
5117
5113
5109
5100
If a strong bearish candle pushes the price lower, the next levels will be:
5051
5071
5049
5036
Buy Scenario (Updated)
If a momentum candle closes above 5198, the upside movement may start.
First Buy Levels:
5218
5224
5230
5235
If the price closes above 5235, the next targets will be:
5248
5260
5268
5277
If the market strongly closes above 5277, the market could turn fully bullish with the following targets:
5305
5317
5327
⚠️ Note:
There is also an important news event at 5:30, which may cause high volatility in the market.