$XAU Breaking Down — Bears Taking Control


Gold has lost the 1H MA200, triggering a sharp sell-off of nearly 1.5% within an hour. Momentum has flipped bearish, with RSI deeply oversold and MACD accelerating to the downside.
Adding to the pressure, President Trump said the interim agreement with Iran is "over" and signaled he is no longer interested in negotiations, increasing uncertainty around the geopolitical situation.
📍 Immediate Resistance: 4,100 - 4,120
📍 Current Support: 4,000 psychological level
As long as price remains below 4,100, bears remain in control.
⚠️ A strong reclaim above 4,100 would weaken the bearish outlook and could trigger a relief bounce. Until then, every bounce may be treated as a potential selling opportunity.
🛑 Stop Loss: 4,120
💵 Entry : 4055 - 4070 - 4090
🎯 Targets: 4010, 3970, 3930, 3850, 3800
XAU-2.21%
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