#XAUUSD#GOLD
The overall market outlook remains bearishโฆ.
As long as gold stays below the 4185-4190
short-selling zone, the market will continue to fall to test the 4175-4170 support level.
In the short term, short positions can be opened at 4180-4190, with a downside target around 4100.
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#XAUUSD#GOLD
The overall market outlook remains bearishโฆ.
Current Price: Gold (XAU/USD) is hovering around $4,170 $4,180-4200 per ounce.
Recent Trend: Prices face downward pressure, pulling back from earlier highs near $4,180-4190
Support Zone: Immediate support sits around the $4,120โ$4100 level. A break below this area could signal further short-term weakness.
Resistance Level: Overhead resistance remains firm near $4,175-4185. Buyers need a clear push above this mark to resume a bullish stanceโฆ
#XAUUSD#GOLD
The overall market outlook remains bearishโฆ
Gold is trading near $4,155 per troy ounce, attempting a mild bounce after sliding toward eight-week lows due to rising Treasury yields and hawkish Federal Reserve rate expectations
Support Zones: Immediate defense rests near $4,110โ$4,112, with deeper risk toward $4,007 if broken..
Resistance Levels: Short-term recovery faces overhead ceilings at $4,227 (61.8% Fibo retracement) and $4,300..
#XAUUSD#GOLD
The overall market outlook remains bullish
Current Price: Gold (XAU/USD) is hovering around $4,130 $4,120-4110 per ounce.
Recent Trend: Prices face downward pressure, pulling back from earlier highs near $4,220-4290
Support Zone: Immediate support sits around the $4,130โ$4120 level. A break below this area could signal further short-term weakness.
Resistance Level: Overhead resistance remains firm near $4,225-4215. Buyers need a clear push above this mark to resume a bullish stanceโฆ