Post
--Bearish
CRYPTOMOJO_TA
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Bearish#GOLD remains under pressure.
Gold is still trading inside a bearish structure, with the descending trendline continuing to cap the upside.
Price is currently bouncing from the $4,110 support, but the $4,170–$4,220 zone remains a strong resistance area. Unless we see a clean breakout above this zone, any bounce could simply be a relief move.
A rejection here could send Gold back toward $4,110 → $4,065, with $4,000 coming into play if the support breaks.
For now, sellers still have the upper hand.
Gold is still trading inside a bearish structure, with the descending trendline continuing to cap the upside.
Price is currently bouncing from the $4,110 support, but the $4,170–$4,220 zone remains a strong resistance area. Unless we see a clean breakout above this zone, any bounce could simply be a relief move.
A rejection here could send Gold back toward $4,110 → $4,065, with $4,000 coming into play if the support breaks.
For now, sellers still have the upper hand.