Gold Breaks Key Support Zone — Bearish Momentum Builds Below $4,
Analysis:
The XAU/USD (Gold vs. USD) 45-minute chart shows a clear breakdown below the established support zone, indicating a shift in market sentiment from consolidation to bearish momentum.
The support zone around $4,050 – $4,000 had previously held multiple times, acting as a strong demand area.
The recent breakout below this zone confirms a potential trend continuation to the downside.
Price action suggests a bearish pattern with lower highs and lower lows forming before the breakout.
A retest of the broken support (now resistance) may occur before the next leg lower.
The next major target lies near $3,900 – $3,850, aligning with the projected measured move.
Technical Outlook:
If gold fails to reclaim the $4,050 level, further downside pressure remains likely. However, a close back above this level could invalidate the bearish breakout and signal a possible false break.
The XAU/USD (Gold vs. USD) 45-minute chart shows a clear breakdown below the established support zone, indicating a shift in market sentiment from consolidation to bearish momentum.
The support zone around $4,050 – $4,000 had previously held multiple times, acting as a strong demand area.
The recent breakout below this zone confirms a potential trend continuation to the downside.
Price action suggests a bearish pattern with lower highs and lower lows forming before the breakout.
A retest of the broken support (now resistance) may occur before the next leg lower.
The next major target lies near $3,900 – $3,850, aligning with the projected measured move.
Technical Outlook:
If gold fails to reclaim the $4,050 level, further downside pressure remains likely. However, a close back above this level could invalidate the bearish breakout and signal a possible false break.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.