Gold Intraday Signal: Watch 4160 as Key Downside Target
Analysis:
Gold (XAU/USD) maintains a bearish intraday structure as long as price trades below the pivot resistance at 4200. The market shows clear rejection from the upper supply zone, indicating seller strength and a likely continuation toward the 4160 demand area. Weak highs remain unchallenged, and the recent BOS confirms bearish order flow dominance.
Momentum also aligns with the downside outlook. Price is losing bullish pressure and continues to hover near a key support imbalance, suggesting that a break lower toward 4160 and possibly 4143 is probable. Only a clean break above 4200 would invalidate the bearish setup and shift intraday sentiment toward 4220–4230.
Trade Setup:
Enter: Short below 4200
Stop-Loss (SL): 4220
Target A: 4160
Target B: 4143