XAUUSD - 15m Sell ScalpOn the 15-minute chart, XAUUSD is breaking below crucial support trendlines, suggesting an increased bearish momentum. The weakening support, indicated by the failure to sustain above these trendlines, points to a potential decline towards lower support levels.
Traders should be cautious as the breakdown may accelerate selling pressure, leading to further downward movement in the gold price.
Monitoring the price action closely around current levels could provide insight into whether the bearish trend will continue or if a short-term consolidation might occur before any recovery attempts.
