$XAUT 🚨Gold is approaching a critical zone… Is a rebound near, or is the decline not over yet?
Daily timeframe (1D)
Gold continues to face downward pressure after failing to hold its high of 4,222.58, reaching a sensitive support zone that may determine the next direction of the move.
🔴 What’s happening now?
- Current price: 3,883.16
- Recent low: 3,860.25
- Overall trend: Bearish.
- Price is below all major moving averages.
- Net long positions have fallen to -417.8K
- Net short positions have risen to +673.5K.
$XAU
🟢 Support zone:
3,860 – 3,832
A break below this zone, followed by a daily close beneath it, could open the door to a new downward wave.
🔴 Resistance zone
3,932 – 3,985
A breakout above this zone and holding above it could give gold a chance for a corrective rebound toward 4,000.
⚡
Despite sellers being in control, the buildup of short positions near the lows could increase the likelihood of a Short Squeeze and a sudden rebound.
We are at a battleground between buyers and sellers, and there is no confirmed reversal signal yet.
#XAU #PAXG #BinanceSquareTalks #XAUUSD❤️ #XAUUSD
Daily timeframe (1D)
Gold continues to face downward pressure after failing to hold its high of 4,222.58, reaching a sensitive support zone that may determine the next direction of the move.
🔴 What’s happening now?
- Current price: 3,883.16
- Recent low: 3,860.25
- Overall trend: Bearish.
- Price is below all major moving averages.
- Net long positions have fallen to -417.8K
- Net short positions have risen to +673.5K.
$XAU
🟢 Support zone:
3,860 – 3,832
A break below this zone, followed by a daily close beneath it, could open the door to a new downward wave.
🔴 Resistance zone
3,932 – 3,985
A breakout above this zone and holding above it could give gold a chance for a corrective rebound toward 4,000.
⚡
Despite sellers being in control, the buildup of short positions near the lows could increase the likelihood of a Short Squeeze and a sudden rebound.
We are at a battleground between buyers and sellers, and there is no confirmed reversal signal yet.
#XAU #PAXG #BinanceSquareTalks #XAUUSD❤️ #XAUUSD
