📈 Gold ($XAU ) Update

Gold is currently trading at $4,179 (+1.97% in the last 24h) on the perpetual futures market.

Despite the short-term bounce, the longer-term chart shows a clear downtrend from the recent highs near $4,889 down toward the $4,027 support zone.

Key levels to watch:

Resistance: $4,247 (24h high) → $4,300–$4,400

Support: $4,027–$4,059

MACD is mixed across time frames, with moving averages still sloping downward.

Is this the bottom for gold, or will we see more downside? What’s your take?

DYOR !

#GOLD #XAUUSD #trading