GOLD its got 9hrs 45mins to get off this area around 4100 otherwise its history, cascades of selling will force this thing down to the first support at 3715 as mentioned earlier..
XAUUSD Following a clear rejection near ₹4070, Gold has continued to drift lower, respecting the prevailing bearish structure. The recent downside momentum aligns with weakening RSI and repeated failure to reclaim higher resistance levels.
📍 Current Setup:
Price is now approaching a key support area around ₹4004.
This level coincides with the 38.2% Fibonacci retracement, historically a zone where short-term reactions can occur.
Market bias remains tilted to the downside as long as price sustains below ₹4070.
📊 What to Monitor:
A decisive break and close below ₹4004 on the 4H/Daily timeframe may open room for further weakness toward the next Fib levels.
Conversely, a stable hold above this zone could invite short-term consolidation or corrective movement.
🔎 Observing this zone closely for signs of continuation or potential pause in momentum.
This post is for educational purposes only. Not financial advice.