XAUUSD Market Outlook: The daily chart is looking pretty bearish right now after that recent drop. As we roll into next week, we might see a bit of a bounce on Monday, but honestly, that's probably just a typical pullback and not a sign of a trend change. I think we could run into some resistance around the 4,200 to 4,225 level, where things could get a bit tricky as both resistance and moving averages are clumped together. It feels like the sellers are still in control, waiting to capitalize on any uptick to push things down to that 4,000 support level. So, if we do see a bit of a rise on Monday, it could be a good chance to jump back into short positions since it seems like the market's hunting for liquidity under 4,000.
#GOLD_UPDATE #GoldenChance $XAU