$XAU 📈 1. Trend: Structure
After reaching a peak, the price has entered a clear downtrend.
→ The market is showing signs of weak accumulation before a potential drop.
🔴 Resistance (Sell Zone): 4700 – 4730
→ If the price retraces to this area → look for shorting opportunities.
🔵 Support (Breakout Zone): 4660 – 4645
If the price breaks significantly below this area → it could trigger a strong sell-off. Once this zone is broken, 4647 - 4640 will present a good buying opportunity, with a short-term target of 20-30 points.
After reaching a peak, the price has entered a clear downtrend.
→ The market is showing signs of weak accumulation before a potential drop.
🔴 Resistance (Sell Zone): 4700 – 4730
→ If the price retraces to this area → look for shorting opportunities.
🔵 Support (Breakout Zone): 4660 – 4645
If the price breaks significantly below this area → it could trigger a strong sell-off. Once this zone is broken, 4647 - 4640 will present a good buying opportunity, with a short-term target of 20-30 points.