Gold Intraday Signal: Price Under Pressure Toward 4143
Analysis:
Gold (XAU/USD) remains under intraday bearish pressure while trading below the pivot resistance at 4212. Sellers maintain control of the short-term structure, with downside targets set at 4160 and 4143 in extension. Price continues to reject the 4212 zone, confirming the strength of this resistance level.
Momentum conditions further support the bearish view. The RSI shows clear downside momentum, indicating growing selling pressure and increasing probability of continuation toward the lower support levels. If the market breaks below 4160, the move toward 4143 is likely to accelerate.
Alternatively, a break above 4212 would invalidate the bearish scenario and open the door to 4228 and 4241, where additional resistance levels are located.
Trade Setup:
Enter: Short below 4212
Stop-Loss (SL): 4228
Target A: 4160
Target B: 4143
