Gold (XAUUSD)Short
Gold (XAU/USD) Analysis – Bearish Scenario Unfolding
Gold has been showing clear bearish momentum on the 4-hour chart, and the current price action suggests further downside potential.
1️⃣ Rejection from the Strong High:
The price was firmly rejected at the $2,740 resistance zone, signaling the dominance of sellers in the market.
2️⃣ Weak Low Target Zones:
With the break of structure (BOS) confirming bearish intent, the price is now heading toward key liquidity zones around $2,620 and $2,580. These levels are likely to act as targets for the current downtrend.
3️⃣ Bearish Momentum Accelerating:
A series of Change of Character (CHOCH) events and lower highs further indicate that sellers are fully in control, with little evidence of bullish intervention so far.
📌 Bearish Targets:
The immediate target is $2,620.
If this level breaks, the next zone to watch is around $2,580, which could serve as the final destination for this bearish move in the short term.
Let me know if you're tracking this move or if you see additional bearish opportunities!
1️⃣ Rejection from the Strong High:
The price was firmly rejected at the $2,740 resistance zone, signaling the dominance of sellers in the market.
2️⃣ Weak Low Target Zones:
With the break of structure (BOS) confirming bearish intent, the price is now heading toward key liquidity zones around $2,620 and $2,580. These levels are likely to act as targets for the current downtrend.
3️⃣ Bearish Momentum Accelerating:
A series of Change of Character (CHOCH) events and lower highs further indicate that sellers are fully in control, with little evidence of bullish intervention so far.
📌 Bearish Targets:
The immediate target is $2,620.
If this level breaks, the next zone to watch is around $2,580, which could serve as the final destination for this bearish move in the short term.
Let me know if you're tracking this move or if you see additional bearish opportunities!
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