Gold (XAU/USD) is trading near 4679 USD, down -2.9%, showing strong bearish momentum as all major indicators signal sell.
However, oversold conditions suggest a possible short-term bounce. As long as price stays below 4800–4820, the bias remains bearish with downside targets around 4650–4620. A move above 4820 may trigger a brief pullback toward 4855–4880.
Disclaimer: This is for educational purposes only, not financial advice. Trade with proper risk management.
However, oversold conditions suggest a possible short-term bounce. As long as price stays below 4800–4820, the bias remains bearish with downside targets around 4650–4620. A move above 4820 may trigger a brief pullback toward 4855–4880.
Disclaimer: This is for educational purposes only, not financial advice. Trade with proper risk management.
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.
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.