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XAU/USD (GOLD) → Short-Term Analysis of Gold Spot

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hello guys.

Channel Breakdown: Gold has broken below its short-term ascending channel, signaling potential bearish momentum.

Key Support Zone: The next critical support is marked near $2,628-$2,630 (highlighted zone), which previously acted as a consolidation area.

Bearish Retest: The price may first retest the channel breakdown area around $2,690 before continuing downward. This aligns with typical market behavior in a bearish trend.

Continuation Potential: If the price fails to hold the $2,628-$2,630 support, further declines could target lower levels around $2,600 or below.
トレード稼働中
our position in a shorter time frame hit all targets

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トレード終了: 利益確定目標に到達
the pointed area touched!

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Beyond Technical AnalysisChart PatternsGoldgoldanalysisTrend AnalysisXAUUSDxauusdanalysis

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