📉 XAUUSDT — GOLD CONSOLIDATION & MOVING AVERAGE RETRACEMENT! 🔻
$XAU (Gold) is trading lower at 4,173.43 (-0.64%, or roughly Rs1,156,248.78), moving within a 24-hour range between a high of 4,222.58 and a low of 4,160.39. Price action on this 4-hour chart displays a cooling pullback following a rejection near the 4,222.58 swing high, currently crossing below the fast MA(7) (4,191.93) and the MA(25) (4,187.31), while testing the macro structural MA(99) (4,177.17) support band.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 4,185.00–4,205.00 (on weak relief bounces or retests toward the short-term moving average resistance zone)
🛑 STOP LOSS: 4,228.00
🎯 TP1: 4,120.00
🎯 TP2: 4,070.00
Are you watching for a strong defense of the MA(99) support on Gold, or expecting further downside continuation? Let's discuss below! 👇
👉 Trade: $XAU
#GOLD #xauusdt #cryptotrading #BinanceSquare #bearish
$XAU (Gold) is trading lower at 4,173.43 (-0.64%, or roughly Rs1,156,248.78), moving within a 24-hour range between a high of 4,222.58 and a low of 4,160.39. Price action on this 4-hour chart displays a cooling pullback following a rejection near the 4,222.58 swing high, currently crossing below the fast MA(7) (4,191.93) and the MA(25) (4,187.31), while testing the macro structural MA(99) (4,177.17) support band.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 4,185.00–4,205.00 (on weak relief bounces or retests toward the short-term moving average resistance zone)
🛑 STOP LOSS: 4,228.00
🎯 TP1: 4,120.00
🎯 TP2: 4,070.00
Are you watching for a strong defense of the MA(99) support on Gold, or expecting further downside continuation? Let's discuss below! 👇
👉 Trade: $XAU
#GOLD #xauusdt #cryptotrading #BinanceSquare #bearish