GOLD IS LOSING MOMENTUM $XAU NEEDS TO HOLD SUPPORT
$XAUT is trading around $4,337, down 0.98%, after another rejection from the higher levels.
The 4H structure remains weak, with price below the MA25 at $4,378 and MA99 at $4,438.
The key support zone is $4,301–$4,284.
If buyers defend this area, a recovery toward $4,350 → $4,378 → $4,438 is possible.
But a clean break below $4,284 could open the way for further downside.
My view: bearish below $4,301, with confirmation needed before entering a short.
$XAUT is trading around $4,337, down 0.98%, after another rejection from the higher levels.
The 4H structure remains weak, with price below the MA25 at $4,378 and MA99 at $4,438.
The key support zone is $4,301–$4,284.
If buyers defend this area, a recovery toward $4,350 → $4,378 → $4,438 is possible.
But a clean break below $4,284 could open the way for further downside.
My view: bearish below $4,301, with confirmation needed before entering a short.
