$XAU
XAU gold
The smaller timeframe continues to decline, which is just as expected, and the short is still being held!
The first support level to watch below is in the area around 4230. Since this is the previous consolidation range’s high, it has a certain amount of support!
Once price breaks below this level, it is very likely that this rebound will end and we will enter a new downswing to search for a bottom structure again!
XAU gold
The smaller timeframe continues to decline, which is just as expected, and the short is still being held!
The first support level to watch below is in the area around 4230. Since this is the previous consolidation range’s high, it has a certain amount of support!
Once price breaks below this level, it is very likely that this rebound will end and we will enter a new downswing to search for a bottom structure again!
