Gold Daily Analysis

Thanks Wajid I just analyze the market with my view and just let it play out many of times it doesn't obviously trading is game of 50/50 no one is right neither no one is wrong, It is just based on analysis which still gives a 50/50 even [when you have an Edge say of 70% and u loss 3 trades now thinking next one will play out to win according to the Edge well no still the next trade has 50/50 but with a better chance to win...] Mark Douglas: Not exactly his words but it is his saying which is true...

GOOD MORNING TRADERS!
NEW DAY NEW OPPORTUNITIES!
Yesterday, Gold didn't react exactly as I expected (excluding the impact of news). From a price action perspective, sellers are still in control, and the bearish momentum remains intact. The broader downtrend is still valid, although it won't be fully confirmed unless we get a 4H candle close below $3,950.
Today's Bias:
My bias remains bearish, but there's still room for an upside retracement.

1. If we look at the overall trend, Gold may still need one more retracement before continuing lower.
2. On the bearish side, price has already retraced to the 61.8% Fibonacci level and is currently trading around a key Order Block (OB).
3. I'm waiting for a retest of this supply zone and will be looking for short opportunities on the lower timeframes if price provides confirmation.

Key Scenarios
Bearish Scenario (Preferred):

1. Price retests the current Order Block around $4,030-$4036
2. Rejection from this area could send Gold back toward the $3,960-$3,950 support zone.
3. A confirmed 4H close below $3,950 would strengthen the bearish outlook and open the door for further downside.

Bullish Scenario:

1. If Gold breaks and closes above $4,035[HIGHER TF], buyers could target the descending TD, with the next resistance around $4,060 (near the 71% Fibonacci retracement and another Order Block).
2. If price reaches this area, I'll be watching closely for either:
   1. A bearish rejection and continuation lower, or
   2. A successful breakout that could push Gold toward $4,092-$4,100.

Conclusion
My primary expectation is still bearish, but I'm waiting for price to confirm the move. The key is to stay patient and let the market come to your levels rather than chasing price.
Key Levels to Watch:

1. Resistance: $4,035, $4,060, $4,092-$4,100
2. Support: $3,960, $3,950

Trade the confirmation, not the prediction. Good luck, and manage your risk!
STAY SAFE TRADERS!
I WILL SEE YOU SOON!

Hey market has rejected from that order block should I look for it

Now, I won't recommend I have BE it and already gave the signal in the server, Link in my profile

اسلام علیکم احمد بھائی

W.S