Gold remains under bearish pressure after a strong impulsive decline, with price now consolidating inside a descending triangle on the 30-minute timeframe. The pattern is characterized by a series of lower highs against a flat support base near the 3,960 area, indicating that sellers continue to absorb buying interest.
Multiple retests of support suggest weakening demand, while the descending trendline continues to cap recovery attempts. As long as price remains below the trendline and the nearby supply zone around 4,000–4,020, the broader short-term bias remains bearish.
A confirmed breakdown below triangle support could trigger fresh selling momentum, exposing the 3,900 level as the next key downside objective. If bearish momentum accelerates, further downside expansion may follow toward lower support levels.
Multiple retests of support suggest weakening demand, while the descending trendline continues to cap recovery attempts. As long as price remains below the trendline and the nearby supply zone around 4,000–4,020, the broader short-term bias remains bearish.
A confirmed breakdown below triangle support could trigger fresh selling momentum, exposing the 3,900 level as the next key downside objective. If bearish momentum accelerates, further downside expansion may follow toward lower support levels.
Trade active
I AM GOING SHORT
Stop guessing the next move. Get live Gold & Forex setups with exact entries and exits right here:
t.me/+tCCgjqkEFcUwZDZk t.me/+tCCgjqkEFcUwZDZk
t.me/+tCCgjqkEFcUwZDZk t.me/+tCCgjqkEFcUwZDZk
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.
Stop guessing the next move. Get live Gold & Forex setups with exact entries and exits right here:
t.me/+tCCgjqkEFcUwZDZk t.me/+tCCgjqkEFcUwZDZk
t.me/+tCCgjqkEFcUwZDZk t.me/+tCCgjqkEFcUwZDZk
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.