Gold continues to trade under selling pressure on the 30-minute timeframe as price action stays firmly below the key pivot zone of 4225, indicating dominance from the sellers.
🔻 Key Technical Levels
- Main Target: 4143
- Pivot Level: 4225
- Resistance Levels: 4243 – 4257
- Immediate Support: 4165, followed by 4143
📊 Market Outlook
The 30-minute chart clearly shows a sustained downtrend, with price consistently failing to reclaim the moving averages. Momentum remains strong to the downside, confirming bearish control.
🧭 Our Preference
As long as price stays below 4225, selling pressure is expected to continue.
🔹 Sell positions below 4225
🎯 Targets: 4165 → 4143
🔄 Alternative Scenario
If bulls manage to break above 4225, the sentiment shifts temporarily:
🔹 Buy positions above 4225
🎯 Targets: 4243 → 4257
📝 Comment
The trend remains decisively bearish. Until Gold reclaims 4225, every pullback is likely to attract sellers. Momentum indicators also support further downside toward 4165 and potentially 4143.
#OPINIONLEADER# #Signal# #XAU/USD#
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