XAUUSD (Gold) Update
$Gold remains choppy and under selling pressure, trading below the 50 EMA (4H), which is acting as dynamic resistance.
Price is following a descending channel, currently trading around 4,680 .
Key Levels:
🔻 4,660 - must hold, else deeper correction toward 4,400
🔺 4,710 - break needed to regain bullish momentum toward 4,800
MACD (4H) is nearing a bearish crossover, indicating continued downside pressure.
Bias:
Below 4,710 → Bearish
Below 4,660 → Stronger downside
Above 4,710 → Recovery possible
XAUUSDT
Perp
4,602.72
-1.54%