Gold Under Pressure Below 5,000 – Short-Term Breakdown Risk
📊 Market Movement:
Gold is trading around 4,980 – 5,000 USD after losing the key 5,000 level. Mild USD strength and profit booking are pushing prices lower in the short term.
📉 Technical Analysis:
• Resistance: 5,010 – 5,020 | 5,040 – 5,050
• Support: 4,970 – 4,960 | 4,950 – 4,940
• EMA: Price below EMA 09 → bearish trend
• Momentum: Bearish bias with weak buying interest
📌 Outlook:
Gold may decline further if it fails to sustain above 5,000, targeting 4,970 or lower.
💡 Trading Plan:
🔻 SELL XAU/USD: 5,017 – 5,020
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 5,024
🔺 BUY XAU/USD: 4,973 – 4,970
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,966
Gold is trading around 4,980 – 5,000 USD after losing the key 5,000 level. Mild USD strength and profit booking are pushing prices lower in the short term.
📉 Technical Analysis:
• Resistance: 5,010 – 5,020 | 5,040 – 5,050
• Support: 4,970 – 4,960 | 4,950 – 4,940
• EMA: Price below EMA 09 → bearish trend
• Momentum: Bearish bias with weak buying interest
📌 Outlook:
Gold may decline further if it fails to sustain above 5,000, targeting 4,970 or lower.
💡 Trading Plan:
🔻 SELL XAU/USD: 5,017 – 5,020
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 5,024
🔺 BUY XAU/USD: 4,973 – 4,970
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,966
Operación activa
Gold may continue to move sideways in the 4,980 – 5,020 range in the short term. If it fails to break above 5,020, the price is likely to reverse and decline toward 4,970 or lower.Operación cerrada: objetivo alcanzado
Gold Breaks 4,970 Support – Short-Term Downside Expands
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📊 Forex | Gold | Crypto Market Insights
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.