📉 XAUUSDT Under Heavy Pressure: Time to Buy or Wait?
The Gold market ($XAU) is witnessing a sharp sell-off on the 4-hour chart. The price dropped significantly from its recent high near $4,089 to the current level of $3,891.
Key Chart Takeaways:
• Massive Sell-off: Price has broken sharply below the MA(7), MA(25), and MA(99) indicators.
• Key Support: The price found temporary support at the 24h low of $3,881.02.
• High Volume: Huge red volume bars show strong selling momentum and liquidations.
• Performance: Gold is down over 2.89% this week and 6.39% over the past 30 days.
Entering longs blindly during this vertical drop carries high risk without a clear reversal signal.
💬 What’s your next move? Are you buying the dip or shorting? Let me know below!
#XAUUSDT #GoldTrading #TechnicalAnalysis #BinanceSquare
The Gold market ($XAU) is witnessing a sharp sell-off on the 4-hour chart. The price dropped significantly from its recent high near $4,089 to the current level of $3,891.
Key Chart Takeaways:
• Massive Sell-off: Price has broken sharply below the MA(7), MA(25), and MA(99) indicators.
• Key Support: The price found temporary support at the 24h low of $3,881.02.
• High Volume: Huge red volume bars show strong selling momentum and liquidations.
• Performance: Gold is down over 2.89% this week and 6.39% over the past 30 days.
Entering longs blindly during this vertical drop carries high risk without a clear reversal signal.
💬 What’s your next move? Are you buying the dip or shorting? Let me know below!
#XAUUSDT #GoldTrading #TechnicalAnalysis #BinanceSquare
