Gold (XAU/USD) is showing a **bearish breakdown** after rejecting the rising trendline and losing short-term support around the 4,370–4,380 area. The price is now moving lower, with the chart pointing toward the **4,346 target zone**.
A sustained move below the breakdown area could strengthen bearish momentum toward the target, while a recovery above the trendline may invalidate the setup. The broader **4,230–4,240 support zone** remains an important level to watch.
A sustained move below the breakdown area could strengthen bearish momentum toward the target, while a recovery above the trendline may invalidate the setup. The broader **4,230–4,240 support zone** remains an important level to watch.
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Join my Telegram for regular learning content and trading ideas.
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