Gold Intraday Signal: Bearish Bias Below 4280.00
Gold (XAU/USD) remains under downward pressure as long as the price trades below the key resistance level at 4280.00. The market has faced repeated rejection near this zone, showing that sellers are firmly defending it. Momentum indicators such as the RSI and MACD confirm the bearish tone, both showing fading bullish momentum and potential continuation of selling pressure.
As long as 4280.00 holds, gold is expected to decline toward 4185.00 and 4145.00, which represent key support zones. A decisive break below 4185.00 could open the door for a deeper retracement and accelerate the bearish trend.
Alternatively, a breakout above 4280.00 would neutralize the current bearish bias, allowing buyers to push the price higher toward 4305.00 and 4350.00. Until then, the overall bias remains negative, and traders should favor short setups while monitoring volatility spikes near the pivot.
Enter: Short below 4280.00
Stop-Loss (SL): 4305.00
Target A: 4185.00
Target B: 4145.00
