The 4-hour chart shows that XAU/USD could extend its decline in the upcoming hours. The pair accelerated south after breaking below the 20 and 100 Simple Moving Averages (SMAs), both around the immediate Fibonacci resistance level at $1,921.80, reinforcing the area's strength. At the same time, technical indicators have bounced modestly from their intraday lows but seem to reflect the ongoing recovery rather than suggesting additional gains ahead.
Gold buy now 1912
Buy limit 1907
Target 1917
Target 1921
Target 1935
Gold buy now 1912
Buy limit 1907
Target 1917
Target 1921
Target 1935
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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.