Gold Intraday Signal: Turning Down Toward 4190
Gold (XAU/USD) is turning lower as long as price remains capped below the pivot resistance at 4245. Sellers are expected to maintain control, targeting 4204 and the key support zone at 4190 in extension. Price action shows consistent rejection from the 4245 barrier, indicating weakening bullish momentum and increased downside risk.
Although the broader trend remains elevated, failure to break above 4245 keeps bearish pressure intact. The market structure suggests that a breakdown below 4204 may trigger further declines toward 4190 — a critical support area where buyers may attempt to re-enter.
Alternatively, a clear move above 4245 would shift momentum to the upside, opening the path toward 4265 and 4290.
Trade Setup:
Enter: Short below 4245
Stop-Loss (SL): 4265
Target A: 4204
Target B: 4190
