Gold Intraday Signal: Consolidation with Bearish Bias Below 4145.00
Gold (XAU/USD) is currently consolidating below the pivot resistance at 4145.00, showing mixed but slightly bearish intraday sentiment. Price action remains choppy, yet sellers retain a marginal advantage as long as 4145.00 caps the upside. The immediate targets are seen at 4075.00 and 4050.00, where short-term support levels align with prior reaction zones.
Momentum indicators reflect indecision — the RSI hovers near the midline, suggesting consolidation, while the overall structure favors a mild bearish continuation as long as price trades beneath the pivot. A break below 4075.00 would reinforce downside momentum and expose 4050.00 in extension.
Alternatively, a sustained move above 4145.00 would negate the bearish bias and open the path for further recovery toward 4170.00 and 4200.00 before sellers potentially reappear.
Trade Setup:
Enter: Short below 4145.00
Stop-Loss (SL): 4170.00
Target A: 4075.00
Target B: 4050.00
