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📈 Gold ($XAU ) Update
Gold is currently trading at $4,179 (+1.97% in the last 24h) on the perpetual futures market.
Despite the short-term bounce, the longer-term chart shows a clear downtrend from the recent highs near $4,889 down toward the $4,027 support zone.
Key levels to watch:
Resistance: $4,247 (24h high) → $4,300–$4,400
Support: $4,027–$4,059
MACD is mixed across timeframes, with moving averages still sloping downward.
Is this the bottom for gold, or will we see more downside? What’s your take?
#Gold #XAUUSD #Trading
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