Gold Intraday Signal: Downside Momentum Below 4116.00
Gold continues to face strong selling pressure below 4116.00, maintaining a clear bearish intraday structure. Price action remains under pressure as sellers dominate the market, with downside targets seen at 4043.00 and 4010.00. The pair’s failure to reclaim the pivot zone suggests a continuation of the downward move in the near term.
The RSI has dropped below its neutrality area at 50, indicating that momentum favors sellers. Similarly, MACD readings confirm the bearish setup, with the signal line positioned below zero and widening — signaling increasing downward strength. Additionally, Gold trades below its 20- and 50-period moving averages, both of which slope downward, confirming sustained selling pressure.
As long as 4116.00 remains unbroken, the bias stays negative, and every rally toward resistance should be viewed as a selling opportunity. A break below 4043.00 may accelerate the move toward 4010.00. On the other hand, a decisive break above 4116.00 could open the door for a short-term recovery toward 4160.00 and 4215.00, but the broader picture remains bearish.
Enter: Short below 4116.00
Stop-Loss (SL): 4160.00
Target A: 4043.00
Target B: 4010.00
