#XAU $XAU ✨Mild selling pressure is prevailing, with the price trading below the short-term moving averages.
Support levels (bounce zones): Current support is at $4,070, followed by stronger support at $4,065.44.
Resistance levels (upside targets): Nearby resistance is at $4,076–$4,077. If breached, the price is likely to target the $4,082–$4,086 range.
Liquidity and contracts: Net Longs are declining, while Net Shorts are gradually increasing.
The market is retesting support at $4,070. A sustained break below it would push the price toward a test of $4,065.44, while a recovery and trading above $4,076 would open the way to retest the $4,082–$4,086 zone.
#XAUUSD❤️ $XAUT #PAXG #JobsReportRaisesHikeOdds #WillAnthropicListOnTime
Support levels (bounce zones): Current support is at $4,070, followed by stronger support at $4,065.44.
Resistance levels (upside targets): Nearby resistance is at $4,076–$4,077. If breached, the price is likely to target the $4,082–$4,086 range.
Liquidity and contracts: Net Longs are declining, while Net Shorts are gradually increasing.
The market is retesting support at $4,070. A sustained break below it would push the price toward a test of $4,065.44, while a recovery and trading above $4,076 would open the way to retest the $4,082–$4,086 zone.
#XAUUSD❤️ $XAUT #PAXG #JobsReportRaisesHikeOdds #WillAnthropicListOnTime
