Gold Intraday Signal: Downside Momentum Prevails Below 4014.00
Gold (XAU/USD) remains under bearish pressure while trading below the pivot level at 4014.00. Sellers continue to dominate the short-term structure, aiming for support targets at 3962.00 and 3943.00 in extension. The downside bias remains strong as price action fails to regain momentum above the pivot resistance, suggesting that sellers are likely to stay in control.
A sustained break below 3962.00 would confirm a continuation of the decline toward 3943.00, where the next support zone is located. The RSI and MACD indicators remain in neutral-to-bearish territory, showing weak recovery potential in the near term. Price also stays below the short-term moving averages, further reinforcing the bearish technical configuration.
Alternatively, a rebound above 4014.00 would shift the focus to 4030.00 and 4045.00; however, as long as price trades below 4014.00, the bearish outlook remains valid.
Trade Setup:
Enter: Short below 4014.00
Stop-Loss (SL): 4030.00
Target A: 3962.00
Target B: 3943.00
