Gold is losing momentum!
$XAUT has dropped to $4,009 after rejecting $4,075.8.
The 1H chart shows increasing selling pressure, with price trading below key moving averages.
Support: $4,008 / $4,000
Resistance: $4,020 / $4,034
A break below $4,000 could trigger further downside, while reclaiming $4,020 may bring short term relief.
Bears remain in control for now.
#XAUT #Gold #crypto #Trading
$XAUT has dropped to $4,009 after rejecting $4,075.8.
The 1H chart shows increasing selling pressure, with price trading below key moving averages.
Support: $4,008 / $4,000
Resistance: $4,020 / $4,034
A break below $4,000 could trigger further downside, while reclaiming $4,020 may bring short term relief.
Bears remain in control for now.
#XAUT #Gold #crypto #Trading
