📊 XAUUSD Technical Outlook | 1H Chart
Current Price: 4039
Gold faces heavy volatility after a sharp 500+ pip drop yesterday. The price action shows signs of profit-booking by institutions, and a retest of 4060–4075 could trigger another downward correction.
⚠️ Key Levels to Watch:
Support — 4025 / 4000
Resistance — 4060 / 4075
📉 Market View:
Short-term correction likely as momentum cools off after a parabolic rise. Watch reaction at resistance for potential reversal setups.
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