Dear Binancians, I need your full attention for just a minute. #GOLD is approaching a critical decision zone, and the next rejection could trigger a strong bearish move.
$XAU remains inside a descending channel and continues to struggle below the $4,120 resistance. The recent fake breakout suggests buyers are losing momentum, while price is still respecting the bearish structure.
If XAUUSD fails to reclaim $4,120, I expect a move toward the $3,970 support zone. Until the channel is broken to the upside, I remain bearish and will be watching for short opportunities.
$XAU remains inside a descending channel and continues to struggle below the $4,120 resistance. The recent fake breakout suggests buyers are losing momentum, while price is still respecting the bearish structure.
If XAUUSD fails to reclaim $4,120, I expect a move toward the $3,970 support zone. Until the channel is broken to the upside, I remain bearish and will be watching for short opportunities.