🚨 GOLD (XAUUSD) UPDATE: CRITICAL SUPPORT UNDER PRESSURE! 📉
Gold is facing strong selling pressure after rejection from the $4,120–$4,145 resistance zone.
📊 KEY LEVELS TO WATCH
🟢 Immediate Support: $4,035 – $4,050
🔵 Major Demand Zone: $3,910 – $3,950
🔴 Resistance: $4,080 – $4,100
🚨 Strong Resistance: $4,120 – $4,145
📉 BEARISH SCENARIO
A confirmed 1H close below $4,035 could open the way toward $4,020 and $4,000, with the major demand zone near $3,950.
📈 BULLISH SCENARIO
If buyers defend $4,035–$4,050 and reclaim $4,080, Gold could attempt a recovery toward $4,120.
👀 MY TAKE: The $4,035–$4,050 zone is the key area to watch. A clear candle confirmation is important before considering either direction.
What do you think?
🐂 BULLISH or 🐻 BEARISH?
#GOLD #XAUUSD #TradingAnalysis #TechnicalAnalysis #forex
Gold is facing strong selling pressure after rejection from the $4,120–$4,145 resistance zone.
📊 KEY LEVELS TO WATCH
🟢 Immediate Support: $4,035 – $4,050
🔵 Major Demand Zone: $3,910 – $3,950
🔴 Resistance: $4,080 – $4,100
🚨 Strong Resistance: $4,120 – $4,145
📉 BEARISH SCENARIO
A confirmed 1H close below $4,035 could open the way toward $4,020 and $4,000, with the major demand zone near $3,950.
📈 BULLISH SCENARIO
If buyers defend $4,035–$4,050 and reclaim $4,080, Gold could attempt a recovery toward $4,120.
👀 MY TAKE: The $4,035–$4,050 zone is the key area to watch. A clear candle confirmation is important before considering either direction.
What do you think?
🐂 BULLISH or 🐻 BEARISH?
#GOLD #XAUUSD #TradingAnalysis #TechnicalAnalysis #forex
