#XAUSSD #GOLD_UPDATE #US #GOLD Trend

The current trend on the chart is a bearish trend, as indicated by the series of lower highs and lower lows visible in the price action. The market appears to be moving within a downtrend channel, although exact trendlines are not drawn.

- **Support Level:** Approximately

3225.00...

Signals

- **Bearish Signal**: The combination of -

bearish trend and MACD indicator suggests continued downward momentum.

- **Potential Bullish Reversal Signal**:

Oversold Stochastic RSI implies a possible reversal if buying pressure picks up. This is contingent on confirming signals, such as a bullish crossover in MACD

+ 4,000 points

Wait for the Gold

Based on the current market conditions and indicators, the price is likely to continue downward before any potential reversal. The Stochastic RSI suggests waiting for confirmation of bullish momentum due to its oversold position.

Stop Loss

3,190.00

Take Profit

3,260.00

Buy

3,220.00