The downward trend in gold continues.
Keep an eye on the 4200 support level; if it holds, a brief rebound may occur—you could enter a light long position, but do not hold it for the long term. A break below 4200 would trigger a new leg down.
There is a gap near 4280; if it fails to fill, we can sell on the rebound. Additionally, the 4300–4320 resistance zone offers selling opportunities.
Note that the trend remains bearish; exercise caution when attempting to "buy the dip," and prioritize selling into rallies.
Happy trading! Please like and follow to ensure you don't miss future updates.
Keep an eye on the 4200 support level; if it holds, a brief rebound may occur—you could enter a light long position, but do not hold it for the long term. A break below 4200 would trigger a new leg down.
There is a gap near 4280; if it fails to fill, we can sell on the rebound. Additionally, the 4300–4320 resistance zone offers selling opportunities.
Note that the trend remains bearish; exercise caution when attempting to "buy the dip," and prioritize selling into rallies.
Happy trading! Please like and follow to ensure you don't miss future updates.
