Expected Price Movement:
If the price breaks through the $4290-$4320 area, it will retest the $4200-$4240 area, and if support fails, it will extend towards the $3970-$4006 area – as indicated by the marked area and the predicted arrow.
A clean breakout and hold above $4389 would negate the bearish outlook and create an opportunity to return to $4560+.
#XAUUSD #GOLD $XAUT $XAU
If the price breaks through the $4290-$4320 area, it will retest the $4200-$4240 area, and if support fails, it will extend towards the $3970-$4006 area – as indicated by the marked area and the predicted arrow.
A clean breakout and hold above $4389 would negate the bearish outlook and create an opportunity to return to $4560+.
#XAUUSD #GOLD $XAUT $XAU