Gold SpotShort
Bearish Continuation Analysis on XAU/USD (Gold Spot)
The 4-hour chart of XAU/USD (Gold Spot vs. U.S. Dollar) shows a clear bearish trend, with price respecting a descending trendline. A key resistance zone, highlighted in purple, has caused a rejection as the price failed to break through. This aligns with the ongoing downward momentum, suggesting the potential for further declines.
The analysis predicts a downward movement (indicated by the white arrow) targeting the horizontal support level near $2,482.146. This setup highlights a continuation of the bearish trend as sellers maintain control.
Analysis by Learn and Trade Forex
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The analysis predicts a downward movement (indicated by the white arrow) targeting the horizontal support level near $2,482.146. This setup highlights a continuation of the bearish trend as sellers maintain control.
Analysis by Learn and Trade Forex
Stay ahead in the market with expert insights and strategies. For more, visit learnandtradeforex.com.
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