Gold at $4,159.71. Down 2.99% today. 24h range: $4,146 → $4,288.
Price just smashed through key support at $4,247 with a massive red candle. This is a major bearish signal.
📊 What I'm seeing:
🔴 BEARISH FACTORS:
• Broke below $4,247 support (previous demand zone)
• MACD strong bearish crossover (DIF: -28.45, DEA: -16.08)
• Price trading below all EMAs (20, 50, 200)
• Currently sitting at 24h low ($4,146)
🟢 KEY LEVELS:
SUPPORT:
• Immediate: $4,146 (24h low — critical)
• Next: $4,000 (psychological level)
• Major: $3,950 - $3,900
RESISTANCE:
• First: $4,258 (20-EMA)
• Strong: $4,292 (50-EMA)
• Major: $4,305 - $4,350
💡 My view:
Gold lost a key support at $4,247. If $4,146 breaks, next stop is $4,000. I'm watching $4,146 very closely — this is the line in the sand.
For Spot buyers: Wait for $4,100 or $4,000. Don't rush in now.
👉 Click $XAUT $XAU to check live price and place your trade!
#Gold #XAU #PreciousMetals #SpotTrading #Crypto #TradeSetup
Price just smashed through key support at $4,247 with a massive red candle. This is a major bearish signal.
📊 What I'm seeing:
🔴 BEARISH FACTORS:
• Broke below $4,247 support (previous demand zone)
• MACD strong bearish crossover (DIF: -28.45, DEA: -16.08)
• Price trading below all EMAs (20, 50, 200)
• Currently sitting at 24h low ($4,146)
🟢 KEY LEVELS:
SUPPORT:
• Immediate: $4,146 (24h low — critical)
• Next: $4,000 (psychological level)
• Major: $3,950 - $3,900
RESISTANCE:
• First: $4,258 (20-EMA)
• Strong: $4,292 (50-EMA)
• Major: $4,305 - $4,350
💡 My view:
Gold lost a key support at $4,247. If $4,146 breaks, next stop is $4,000. I'm watching $4,146 very closely — this is the line in the sand.
For Spot buyers: Wait for $4,100 or $4,000. Don't rush in now.
👉 Click $XAUT $XAU to check live price and place your trade!
#Gold #XAU #PreciousMetals #SpotTrading #Crypto #TradeSetup
