10.30
Gold continued to face downward pressure during the Asian session, breaking below the 4000–3990 level and remaining weak and range-bound below 4000. Today’s key dividing line is clear: the core area to watch is 3985–3975. This is currently the most important short-term support and the lifeline for near-term bulls.
If this support zone is decisively broken, there will be more room for bears, and prices may accelerate lower to test the previous low at 3955, with a deeper target near 3945. Conversely, if 3985–3975 holds, the decline may temporarily ease, with prices stabilizing and staging a short-term corrective rebound.
So today’s short-term strategy revolves around this key support: if it holds, look to trade a range-bound rebound; if it fails, follow the trend and look for further declines.
Gold
Short at 4010–4030, targets 3960–3930.
#XAU
Gold continued to face downward pressure during the Asian session, breaking below the 4000–3990 level and remaining weak and range-bound below 4000. Today’s key dividing line is clear: the core area to watch is 3985–3975. This is currently the most important short-term support and the lifeline for near-term bulls.
If this support zone is decisively broken, there will be more room for bears, and prices may accelerate lower to test the previous low at 3955, with a deeper target near 3945. Conversely, if 3985–3975 holds, the decline may temporarily ease, with prices stabilizing and staging a short-term corrective rebound.
So today’s short-term strategy revolves around this key support: if it holds, look to trade a range-bound rebound; if it fails, follow the trend and look for further declines.
Gold
Short at 4010–4030, targets 3960–3930.
#XAU