$XAU clearly shows a short-term decline in the short-term support
XAU shows a clear bearish structure on the 1H chart, with lower highs and continuous selling pressure. The price is now testing the $4,582 support zone; confirming a bearish breakdown could lead to another negative move.
Entry: 4,585 – 4,610
TP1: 4,555
TP2: 4,525
TP3: 4,500
SL: 4,640
If there is a clear break below $4,582, it will strengthen the bearish continuation setup.
Disclaimer: Markets are unpredictable. Be sure to manage your capital carefully.
XAU shows a clear bearish structure on the 1H chart, with lower highs and continuous selling pressure. The price is now testing the $4,582 support zone; confirming a bearish breakdown could lead to another negative move.
Entry: 4,585 – 4,610
TP1: 4,555
TP2: 4,525
TP3: 4,500
SL: 4,640
If there is a clear break below $4,582, it will strengthen the bearish continuation setup.
Disclaimer: Markets are unpredictable. Be sure to manage your capital carefully.