GOLD is showing strong bearish momentum on the 4 H chart, with price action indicating further downside potential. Rejection from Resistance: The price faced a strong rejection at the $2,720–$2,725 resistance zone, highlighting sellers' control over the market. A clear break below the $2,680 and $2,675 levels confirms the bearish trend.Targets: The price is now moving toward critical liquidity zones around $2,615, $2,600 and $2,545, which are likely to serve as key targets for the ongoing downtrend.
Goodluck
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.