$XAU IS LOSING THE $4000 LEVEL AFTER FOUR WEEKS OF PAIN 💎
Gold just recorded its fourth straight weekly loss and is now fighting to hold the psychological $4,000 support. This is the longest correction since 2023, driven by hawkish Fed stance and a strengthening dollar. Technical structure looks bearish as price keeps failing to reclaim key moving averages.
Momentum indicators show no clear reversal signal yet, but central banks continue buying in the background. The upcoming Non-Farm Payrolls could determine whether we break down or see a relief rally from here.
Do you see this support holding or are we heading toward $3,900 first?
Not financial advice. Always manage your risk.
#XAU #GoldTrade #Breakdown #SupportTest #WeeklyLoss
🔥
Gold just recorded its fourth straight weekly loss and is now fighting to hold the psychological $4,000 support. This is the longest correction since 2023, driven by hawkish Fed stance and a strengthening dollar. Technical structure looks bearish as price keeps failing to reclaim key moving averages.
Momentum indicators show no clear reversal signal yet, but central banks continue buying in the background. The upcoming Non-Farm Payrolls could determine whether we break down or see a relief rally from here.
Do you see this support holding or are we heading toward $3,900 first?
Not financial advice. Always manage your risk.
#XAU #GoldTrade #Breakdown #SupportTest #WeeklyLoss
🔥