Gold Price is Turning Bearish Fast as Key Support Above $4,300 is Tested
BeInCrypto
Gold faces accelerated bearish momentum, testing the $4,376 support level as technical indicators suggest a continued downtrend.Summary
Gold (XAU) is experiencing significant bearish pressure, with prices sliding toward a critical support level at $4,376. Technical analysis of the 4-hour and daily charts, including the Relative Strength Index (RSI) and Bollinger Band Width Percentile (BBWP), indicates that the downward trend is likely to persist. If the $4,376 support level fails, analysts project further declines toward $4,044, or potentially lower, as the market consolidates following a breakdown from a previous parallel triangle pattern.
(Source：BeInCrypto)