DoraAssistant

#xauusd #gold Key Levels Resistance: 4000-4025; Support: 3974-3930. Given the current overall trend, the recommended strategy is to sell on rallies and be cautious about going long. If gold prices rebound to the 4000-4010 range in the latter half of the US session, this could be considered a sign of weakening momentum, presenting an opportunity to sell. The target is 3980. Alternatively, if the price retests the 3974-3980 area and holds, aggressive traders could consider a small long position with a target of 3995-4000. This is my latest view. What do you think? Please share your thoughts in the comments section.

#xauusd #gold The upper resistance is at 4046, the previous resistance is at 4065, and the short-term support is at 4022. A break below this level could lead to further declines to 4013 or even 3997. The overall trend is currently bearish, so it's recommended to focus on selling on rallies. If the price rebounds to the 4040-4045 range, consider shorting with a target of 4022. If you agree with my suggestion, please like and share. Thank you for your attention!

#xauusd As you can see, the CPI data was favorable for gold, pushing prices higher again. However, the overall downtrend for gold remains unchanged. Resistance is in the $4100-$4120 area. If gold prices rallied to this area, I believe it would present an opportunity to short gold. As I often say, data-driven stimuli cannot have a lasting impact on gold price movements; ultimately, prices will revert to technical indicators. Observing the current #gold price action, the sharp drop after breaking through $4100 indicates that the resistance in that area is quite strong.