XAUUSD Analysis 🔻
Gold is showing a bearish structure after a rejection from the 4308–4314 resistance/selling zone. The chart shows a Market Structure Shift (MSS) followed by strong downside movement.
Key levels:
🔴 Resistance/Sell Zone: 4308–4314
⚫ Current area: 4285
🟢 Key support/buy area: 4275–4269
🎯 Downside level: 4257
As long as price remains below the 4308–4314 zone, bearish pressure can continue toward 4275, followed by 4269–4257. A strong reclaim above the resistance zone would weake
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