1. Trend
Bias: Bearish.
Price trades below the descending trendline.
EMA9 remains below EMA89.
Lower highs and lower lows keep sellers in control.
2. Key Resistance
4,080–4,085: Immediate resistance (EMA9 + previous support). Rejection here may resume the downtrend.
4,100–4,120: Strong resistance (trendline + EMA89). A breakout above would weaken the bearish bias.
4,120: A H1 close above invalidates the short-term bearish outlook.
3. Key Support
4,050: Immediate support under pressure.
4,021: Major support and previous swing low. A break below confirms further downside.
SELL GOLD: 4094–4097
SL: 4102
TP: 4080 → 4062 → 4044
Bias: Bearish.
Price trades below the descending trendline.
EMA9 remains below EMA89.
Lower highs and lower lows keep sellers in control.
2. Key Resistance
4,080–4,085: Immediate resistance (EMA9 + previous support). Rejection here may resume the downtrend.
4,100–4,120: Strong resistance (trendline + EMA89). A breakout above would weaken the bearish bias.
4,120: A H1 close above invalidates the short-term bearish outlook.
3. Key Support
4,050: Immediate support under pressure.
4,021: Major support and previous swing low. A break below confirms further downside.
SELL GOLD: 4094–4097
SL: 4102
TP: 4080 → 4062 → 4044
Trade active
Gold prices recovered briefly during the European session, advancing towards the key resistance level of 4095.
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
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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.