GOLD (XAU/USD) | 1D

154

🟢 Bullish Scenario

Price is testing the lower boundary of a falling wedge.
Holding this support and breaking the upper trendline could lead to:
4400
4700
5000

🔴 Bearish Scenario

A daily close below the wedge support invalidates the setup.
Downside targets:
3900
3700
3400–3300

Key Levels

Bullish Confirmation: Daily close above 4300
Bearish Confirmation: Daily close below 3900

Probability

🟢 Bullish: 60%
🔴 Bearish: 40%

Verdict

Gold is at a critical support. The higher-probability scenario remains a bullish rebound as long as the wedge support holds; a confirmed breakdown would shift the outlook bearish.

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