Gold Intraday Signal: Bearish Move Expected Toward 4191
Analysis:
Gold (XAU/USD) maintains a bearish intraday tone while trading below the pivot resistance at 4220. Sellers are expected to drive the price toward 4191 and the secondary target at 4180. The market continues to reject the 4220 resistance zone, reinforcing downside momentum in the short term.
Price action signals weakening bullish attempts, as each test of 4220 has been met with supply. The overall structure favors a continuation of the decline as long as this resistance holds. A break below 4191 could accelerate the move toward 4180, where additional support awaits.
Alternatively, a breakout above 4220 would invalidate the bearish scenario and shift momentum toward 4235 and 4248—two key resistance zones that would shape the next directional move.
Trade Setup:
Enter: Short below 4220
Stop-Loss (SL): 4235
Target A: 4191
Target B: 4180