$XAU is currently in a strong downtrend, as large institutional investors sold off heavily at higher prices. The overall market structure has shifted towards a downward trend, meaning that any minor price recovery is likely only a short-term upswing before another decline. The best approach is to look for a selling opportunity between 4,755 and 4,765 and place a stop-loss order at 4,795 to limit risk. Technical indicators such as MACD and volume show that the downward momentum remains very strong. Should the price fall below 4,712, it is likely to decline further towards the key price targets of 4,678 and 4,640. The overall strategy is to sell on small price increases rather than buying on declines.
XAUUSDT
Perp
4,694.83
-0.34%