Gold Intraday Signal: Under Pressure Below 4085.00
Gold (XAU/USD) remains under bearish pressure while trading below the pivot resistance at 4085.00. Sellers are dominating the intraday structure, aiming for downside targets at 4030.00 and 4010.00 in extension. The market failed to hold gains above the pivot, confirming that the upside remains capped and the near-term tone is turning weaker.
The RSI stands below the 50% neutrality line, reflecting a loss of bullish momentum and strengthening the bearish view. Price action also remains below short-term moving averages, suggesting continued downside pressure. A confirmed break below 4030.00 would likely accelerate the decline toward 4010.00, reinforcing the short-term bearish scenario.
Alternatively, a move above 4085.00 would shift the bias to neutral and could open the door toward 4110.00 and 4130.00 before sellers reappear. For now, the bias remains negative as long as the pivot holds.
Trade Setup:
Enter: Short below 4085.00
Stop-Loss (SL): 4110.00
Target A: 4030.00
Target B: 4010.00
