Now that the key $60,000 floor has given way, bears are targeting deeper structural levels. Option traders are heavily positioning themselves with put options, anticipating a steeper correction. ​Immediate Support Zone: The next crucial level to watch sits between $57,800 and $58,700 (defined by the 61.8% Fibonacci retracement and previous major weekly lows). ​Target If Support Fails: If the $57,800 level breaks on a daily close, the door opens for a deeper drop toward the $52,000 macro liquidity pocket.

I see it as a fake break on 1hr gold

hi all