GOLD AT A CRITICAL BREAKDOWN LEVEL
Gold bears are watching $4,060 closely.
Gold has been consolidating between $4,060 and $4,200. A decisive daily close below $4,060 could confirm a bearish breakout and open the door to lower levels.
Key levels to watch:
- $4,200: Range resistance
- $4,060: Critical support
- $3,945: Next downside level
- $3,900: Potential target if selling pressure accelerates
If $4,060 fails to hold, even $3,945 could come under pressure. A move below $3,900 becomes possible if bearish momentum continues.
My view: No rush to catch the dip. Watch the daily close and price reaction around $4,060 before making a decision. If support breaks, $3,900 could become an area of interest for buyers.
$XAUT $XAU $PAXG
Bearish scenario remains conditional on a confirmed breakdown.
#BinancePick #EarningsSeason #Binance #Crypto #Write2Earn
Gold bears are watching $4,060 closely.
Gold has been consolidating between $4,060 and $4,200. A decisive daily close below $4,060 could confirm a bearish breakout and open the door to lower levels.
Key levels to watch:
- $4,200: Range resistance
- $4,060: Critical support
- $3,945: Next downside level
- $3,900: Potential target if selling pressure accelerates
If $4,060 fails to hold, even $3,945 could come under pressure. A move below $3,900 becomes possible if bearish momentum continues.
My view: No rush to catch the dip. Watch the daily close and price reaction around $4,060 before making a decision. If support breaks, $3,900 could become an area of interest for buyers.
$XAUT $XAU $PAXG
Bearish scenario remains conditional on a confirmed breakdown.
#BinancePick #EarningsSeason #Binance #Crypto #Write2Earn