📉 XAU/USD Analysis & Forecast (H4 Timeframe) 🟡
Gold has broken down from its upside trend, signaling potential for further downside pressure. Sellers seem to be in control, and the market could be eyeing lower levels!
🔔 Key Levels to Watch:
🔴 Resistance Zone: 2875 — A strong barrier for buyers.
🟢 Support Zone: 2832 — A break below this could accelerate selling momentum.
🎯 Technical Targets:
1️⃣ First Target: 2775
2️⃣ Second Target: 2860 (Double-check this — it seems close to resistance; did you mean a lower level?)
If price sustains below 2858, bearish momentum could intensify, with 2775 as the primary target. Traders may consider short positions on breakdown confirmations while keeping an eye on 2875 as a key invalidation level.
Gold has broken down from its upside trend, signaling potential for further downside pressure. Sellers seem to be in control, and the market could be eyeing lower levels!
🔔 Key Levels to Watch:
🔴 Resistance Zone: 2875 — A strong barrier for buyers.
🟢 Support Zone: 2832 — A break below this could accelerate selling momentum.
🎯 Technical Targets:
1️⃣ First Target: 2775
2️⃣ Second Target: 2860 (Double-check this — it seems close to resistance; did you mean a lower level?)
If price sustains below 2858, bearish momentum could intensify, with 2775 as the primary target. Traders may consider short positions on breakdown confirmations while keeping an eye on 2875 as a key invalidation level.
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t.me/+XNCWXs6RqBE2YjJk
WE PROVIDE DAILY 3/5 SIGNALS WITH 95-98 ACCURATE & VIP PAID SINGNAL AVAILBLE
t.me/+XNCWXs6RqBE2YjJk
WE PROVIDE DAILY 3/5 SIGNALS WITH 95-98 ACCURATE & VIP PAID SINGNAL AVAILBLE
t.me/+XNCWXs6RqBE2YjJk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.