Gold Intraday Signal: Key Resistance at 4345
Analysis:
Gold (XAU/USD) trades below the key resistance at 4345, keeping the intraday bias tilted to the downside. As long as this level caps the upside, sellers are likely to pressure price toward 4307 and 4290 in extension. Repeated failure to reclaim 4345 highlights supply dominance in the short-term structure.
Momentum conditions are mixed, suggesting potential choppy price action. Nevertheless, the prevailing setup favors bearish continuation while price remains below 4345. A sustained move under 4307 would increase the probability of a deeper pullback toward 4290.
Alternatively, a breakout above 4345 would invalidate the bearish view and open the path toward 4374 and 4400, where higher resistance zones are located.
Trade Setup:
Enter: Short below 4345
Stop-Loss (SL): 4374
Target A: 4307
Target B: 4290
