๐Ÿ“‰ XAU/USD (Gold) Analysis

Gold is currently showing weakness after rejection from the upper zone. Price failed to hold above the selling levels and is now moving downward.

๐Ÿ”น Selling Area:

This zone has acted as strong resistance. Price reacted from here and selling pressure appeared from $4,337.4-$4347.7 .

๐Ÿ”น Selling Possibility:

If price retests this area $4,317.5-$4,331.1 and forms rejection or weak bullish candles, further downside movement is possible.

๐Ÿ”น Buying Area:

The lower marked zone is a key support. If price reaches this area, buyers may step in again from $4,241.2-$4,253.8.

๐Ÿ“Œ Overall View:

Market bias is bearish to neutral in the short term. Resistance is holding, and price may continue to move lower toward the buying area.

โš ๏ธ This is only technical analysis. Always manage risk and do your own research before trading.

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