๐ XAU/USD (Gold) Analysis โ 30M Timeframe
Gold is currently showing bearish pressure, and the market is moving inside a range. The chart clearly highlights two important areas:
๐น Selling Area (Strong Supply Zone)
Price has previously shown rejection from this zone. If the market moves up again, strong selling pressure can appear from $4,077.6 -$4,89.9.
๐น Selling Possibility Zone
This is a weaker supply zone. If price reaches this level and forms weak bullish candles or rejection patterns, a short-term selling opportunity may form $4,061.4-$4,064.
๐ Overall View:
The market is still bearish and continues to create lower highs. Both marked zones act as resistance and may push the price downward again.
โ ๏ธ This is only technical analysis. Always do your own research before taking a trade.
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