Weak rebound! Gold’s highs are moving lower, with clear downward pressure. Keep a close eye on 4075—if it breaks, price could test 4050 directly!
$XAU Gold
Lower-timeframe highs continue to decline. The focus now is whether the price will break below the previous low at 4075. A break would end the pattern of rising lows and extend the previous lower-timeframe decline!
Key resistance at 4230 has not been reached and remains in place. Below, keep an eye on key support at 4050!
$XAU Gold
Lower-timeframe highs continue to decline. The focus now is whether the price will break below the previous low at 4075. A break would end the pattern of rising lows and extend the previous lower-timeframe decline!
Key resistance at 4230 has not been reached and remains in place. Below, keep an eye on key support at 4050!