The current analysis indicates a bearish trend for XAUUSD , as long as it remains below the 2382 threshold. At present, the price seems primed for consolidation between 2395 and 2370 before any breakout occurs. The prevailing bearish pressure suggests that if trading persists below 2382, a decline to 2368 is likely. Although there might be temporary fluctuations, with a potential retracement to 2392 before further movement, the scenario changes if a 4-hour candle closes under 2382, possibly leading to levels at 2369 and 2357.
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.