#XAUUSD
#Gold has currently broken below the support level near 4245, reaching a low around 4228; the short-term trend is bearish, with sellers in control. As the price declines, support and resistance levels are shifting lower.
Support: 4200; Resistance: 4300–4320.
If the 4200 level holds, gold may regain upward momentum. A key question is whether today's price gap will be filled; if it fails to fill, the primary strategy is to sell into any rallies.
This is my current market outlook; if you agree, please show your support by liking this post.
#Gold has currently broken below the support level near 4245, reaching a low around 4228; the short-term trend is bearish, with sellers in control. As the price declines, support and resistance levels are shifting lower.
Support: 4200; Resistance: 4300–4320.
If the 4200 level holds, gold may regain upward momentum. A key question is whether today's price gap will be filled; if it fails to fill, the primary strategy is to sell into any rallies.
This is my current market outlook; if you agree, please show your support by liking this post.
