#XAUUSD (Gold) – Daily Chart Update
Gold has broken below a key ascending trendline that had been acting as support for several months. The recent bearish candle shows strong selling pressure, suggesting that momentum is shifting to the downside.
📉 Bearish Scenario:
A confirmed daily close below the trendline could open the door for further downside. The next major area of interest is the green POI (Point of Interest) zone around 3,800–3,900, where buyers may step in.
📊 What to Watch:
If price retests the broken trendline and gets rejected, it would strengthen the bearish outlook. A quick recovery back above the trendline could invalidate the breakdown and signal a potential bounce.
Current Bias: Bearish below trendline support, with focus on the POI demand zone as the next key target. ⚠️
This is technical analysis only, not financial advice.
