
▲ 1 r/Forexstrategy
Gold Losing Steam? Bears Slowly Taking Control Below 4530
XAU/USD is showing weak momentum with lower highs forming, suggesting sellers are defending the upside near 4530-4540.
Immediate Resistance: 4528 - 4535
Strong Resistance: 4545 - 4555
Immediate Support: 4515 - 4510
Strong Support: 4500 - 4490
My View (Session):
As long as gold stays below 4535, intraday pressure looks tilted to the downside with sellers likely targeting the 4510/4500 zone. A breakout above 4545 could shift momentum back to buyers.
Question for the audience:
Do you think gold is preparing for another bullish breakout, or is this the start of a deeper pullback?
u/FairInformation1746 — 1 day ago