XAU/USD Bearish Momentum Builds – Downside Targets in Play

Apr 12

📊 XAU/USD Market Update
🔻 Bearish Setup Active
📊The XAU/USD chart shows a clear bearish setup as price faces strong rejection from the key resistance zone near 4800. Multiple rejections and lower highs indicate weakening bullish momentum and rising selling pressure.
☁️ The recent cloud break and trendline rejection confirm a potential shift toward downside continuation.
🌍 Fundamentally, failed U.S.–Iran negotiations have increased uncertainty. While geopolitics can support gold, rising oil prices and inflation fears are strengthening the U.S. Dollar, making gold bearish in the short term.
📌 Technically and fundamentally aligned, sellers remain in control unless resistance breaks.
📉 Bearish Targets:
First Target: 4702
Second Target: 4668
Third Target: 4630
📊 Conclusion:
Sell on rallies remains preferred unless price breaks above resistance.

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Apr 13

Trade closed: target reached

late Update
All targets hit perfectly. Sorry, I didn’t active trades