Gold Intraday Signal: Targeting 3985.00 as Downside Momentum Builds
Gold (XAU/USD) remains under strong bearish pressure while trading below the pivot resistance at 4110.00. Sellers maintain control of the market, with downside targets set at 4020.00 and 3985.00 in extension. The recent rejection from the 4110.00 zone confirms that the bullish momentum has weakened, leaving room for continued decline toward lower supports.
Technical indicators reinforce the bearish scenario — the RSI is firmly in negative territory, calling for further downside, while the short-term moving averages have turned lower, aligning with the prevailing downtrend. Price action continues to produce lower highs and lower lows, validating ongoing selling interest below the pivot level.
Alternatively, a break above 4110.00 would invalidate the bearish setup and open the way for a rebound toward 4150.00 and 4180.00 before sellers re-enter.
Trade Setup:
Enter: Short below 4110.00
Stop-Loss (SL): 4150.00
Target A: 4020.00
Target B: 3985.00
