$XAU is falling 🌠
Need to hold above 4020-4050
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3D Timeframe MACD Bearish Crossover is happened already
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If 1W Timeframe MACD Bearish Crossover happens we may see a new low on XAU
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Also on weekly Timeframe XAU is forming a inverse Head & Shoulder pattern which is usually bullish but we need 4500-4600 range weekly closing to confirm the pattern and continue going up for 5000+
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Let's see if XAU holds or breaks down
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Note - It's a Moving Averages based analysis (MA07-MA25-MA99). Chart is being analysed on 1D, 3D and 1W Timeframe.
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$XAUT $PAXG #GOLD