๐จ GOLD (XAU/USD) โ CRITICAL SUPPORT TEST! ๐ฅ๐
Gold is trading around the $4,255โ$4,285 zone after recent selling pressure.
Here are the levels Iโm watching ๐
๐ GOLD PRICE MAP
$4,405 โโโโโโโโโ ๐ด MAJOR RESISTANCE
โ
$4,350 โโโโโโโโโ ๐ RESISTANCE
โ
$4,300 โโโโโโโโโ ๐ก BREAKOUT / RECOVERY LEVEL
โ
$4,285 โโโโโโโโโ ๐ก CURRENT AREA
โ
โโโโโโโโโโโ
โ ๐ฅ โ
โ ๐ฅ๐ฅ๐ฅ โ โ Selling pressure
โโโโโโฌโโโโโ
โ
$4,255 โโโโโโโโโ ๐ข KEY SUPPORT
โ
$4,235 โโโโโโโโโ ๐ข IMPORTANT SUPPORT
โ
$4,200 โโโโโโโโโ ๐ต NEXT SUPPORT
โ
$4,160 โโโโโโโโโ ๐ต DEEPER SUPPORT
๐ BULLISH SCENARIO
๐ฉ Gold holds $4,235โ$4,255
โฌ๏ธ
Bullish candle confirmation
โฌ๏ธ
Breaks $4,300
โฌ๏ธ
๐ฏ Watch $4,350 โ $4,405
๐ BEARISH SCENARIO
๐ฅ Strong candle closes below $4,235
โฌ๏ธ
Selling volume increases
โฌ๏ธ
๐ฏ Watch $4,200 โ $4,160
๐ก KEY LEVELS
๐ข Support: $4,235โ$4,255
๐ก Pivot/decision zone: $4,285โ$4,300
๐ด Resistance: $4,350โ$4,405
The latest technical data shows a daily Strong Sell reading, while RSI is around 50, meaning momentum is not yet deeply oversold.
๐ฅ TRADING TIP
Don't chase a red candle.
Wait for:
CANDLE CLOSE ๐ฏ๏ธ + VOLUME ๐ + RETEST ๐
A move above $4,300 would improve the short-term structure, while a clean break below $4,235 would increase downside risk.
๐ What do you think?
๐ฅ Gold rebounds from support or ๐ป breaks below $4,235?
#XAUUSD #GoldTrading #BinanceSquare #TechnicalAnalysis #GoldAnalysis
Gold is trading around the $4,255โ$4,285 zone after recent selling pressure.
Here are the levels Iโm watching ๐
๐ GOLD PRICE MAP
$4,405 โโโโโโโโโ ๐ด MAJOR RESISTANCE
โ
$4,350 โโโโโโโโโ ๐ RESISTANCE
โ
$4,300 โโโโโโโโโ ๐ก BREAKOUT / RECOVERY LEVEL
โ
$4,285 โโโโโโโโโ ๐ก CURRENT AREA
โ
โโโโโโโโโโโ
โ ๐ฅ โ
โ ๐ฅ๐ฅ๐ฅ โ โ Selling pressure
โโโโโโฌโโโโโ
โ
$4,255 โโโโโโโโโ ๐ข KEY SUPPORT
โ
$4,235 โโโโโโโโโ ๐ข IMPORTANT SUPPORT
โ
$4,200 โโโโโโโโโ ๐ต NEXT SUPPORT
โ
$4,160 โโโโโโโโโ ๐ต DEEPER SUPPORT
๐ BULLISH SCENARIO
๐ฉ Gold holds $4,235โ$4,255
โฌ๏ธ
Bullish candle confirmation
โฌ๏ธ
Breaks $4,300
โฌ๏ธ
๐ฏ Watch $4,350 โ $4,405
๐ BEARISH SCENARIO
๐ฅ Strong candle closes below $4,235
โฌ๏ธ
Selling volume increases
โฌ๏ธ
๐ฏ Watch $4,200 โ $4,160
๐ก KEY LEVELS
๐ข Support: $4,235โ$4,255
๐ก Pivot/decision zone: $4,285โ$4,300
๐ด Resistance: $4,350โ$4,405
The latest technical data shows a daily Strong Sell reading, while RSI is around 50, meaning momentum is not yet deeply oversold.
๐ฅ TRADING TIP
Don't chase a red candle.
Wait for:
CANDLE CLOSE ๐ฏ๏ธ + VOLUME ๐ + RETEST ๐
A move above $4,300 would improve the short-term structure, while a clean break below $4,235 would increase downside risk.
๐ What do you think?
๐ฅ Gold rebounds from support or ๐ป breaks below $4,235?
#XAUUSD #GoldTrading #BinanceSquare #TechnicalAnalysis #GoldAnalysis