$XAU 🚨 XAU/USD MARKET UPDATE: Massive Bearish Wave Unfolds! 📉
Gold has suffered a sharp rejection, aggressively slicing through the crucial psychological $4,000 handle and plunging toward the $3,875 zone amid heavy global liquidation and renewed Fed rate-hike pressures.
Here is what you need to watch heading into the next sessions:
📊 Key Technical Levels:
Immediate Resistance: $3,950 – $4,020 (Bulls need a daily close above here to even talk about recovery)
Pivot Zone: $3,920
Immediate Support: $3,824 – $3,800 (Next major liquidity target)
Gold has suffered a sharp rejection, aggressively slicing through the crucial psychological $4,000 handle and plunging toward the $3,875 zone amid heavy global liquidation and renewed Fed rate-hike pressures.
Here is what you need to watch heading into the next sessions:
📊 Key Technical Levels:
Immediate Resistance: $3,950 – $4,020 (Bulls need a daily close above here to even talk about recovery)
Pivot Zone: $3,920
Immediate Support: $3,824 – $3,800 (Next major liquidity target)
