XAU (Gold) Update (Intraday)
Gold is trading inside a descending triangle on the 30-minute time frame, and a decisive move looks close. While this pattern is generally bearish, Gold can break in either direction.
If Gold breaks above 4,000, it could move toward 4,024, with 4,070–4,073 as the next zone.
On the downside, a drop below 3,960 could send Gold toward 3,929. If that level fails to hold, 3,870 may be tested next.
Keep your eyes on these levels.
$XAU
Gold is trading inside a descending triangle on the 30-minute time frame, and a decisive move looks close. While this pattern is generally bearish, Gold can break in either direction.
If Gold breaks above 4,000, it could move toward 4,024, with 4,070–4,073 as the next zone.
On the downside, a drop below 3,960 could send Gold toward 3,929. If that level fails to hold, 3,870 may be tested next.
Keep your eyes on these levels.
$XAU