๐ XAU/USD TECHNICAL ANALYSIS
๐ H4:
Gold rejected 4590 and is moving lower towards 4400.
A pullback to 4550 is possible before further downside.
๐ MACD confirms bearish momentum.
๐ฏ Targets: 4400 โ 4250
๐ H1:
Break below 4555 confirms continued downside.
Possible retest of 4550 before drop continues.
๐ Stochastic is oversold but still bearish.
๐ฏ Targets: 4400 โ 4250
๐ Summary:
Bearish trend remains active. Pullbacks = corrections, not reversal.
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