The gold daily line and 4-hour chart show a confirmed downward trend. Currently, it is in a weak rebound phase after a sharp selloff. The rebound strength is limited.
Gold is currently testing the resistance zone around 4450–4470.
The U.S. session is crucial. If it fails to break above the resistance level, it is likely to trigger a new round of downward movement.
First resistance level: 4452–4456, short-term resistance.
Strong resistance level: 4470–4472, intraday high. A sustained break above this level is needed to ease near-term bearish pressure.
First support level: 4410–4414, short-term support.
Key support level: 4396–4400, today’s low. If price breaks below this level, it will open up further downside room; the next target is around 4360.
Personal view only, for reference.
#黄金 #XAUUSD
Gold is currently testing the resistance zone around 4450–4470.
The U.S. session is crucial. If it fails to break above the resistance level, it is likely to trigger a new round of downward movement.
First resistance level: 4452–4456, short-term resistance.
Strong resistance level: 4470–4472, intraday high. A sustained break above this level is needed to ease near-term bearish pressure.
First support level: 4410–4414, short-term support.
Key support level: 4396–4400, today’s low. If price breaks below this level, it will open up further downside room; the next target is around 4360.
Personal view only, for reference.
#黄金 #XAUUSD
