GOLD

With both EMAs forming a Death Cross intersection, confirms that sellers remain dominant, so that Gold in the near term will bring Gold to move toward its nearest support level.

Key Levels

1. Resistance. 2 : 4763.45

2. Resistance. 1 : 4679.39

3. Pivot : 4616.83

4. Support. 1 : 4532.77

5. Support. 2 : 4470.21

Tactical Scenario

Pressure Zone: If the price breaks down below 4532.77, there is potential for continued pressure toward 4532.77.

Momentum Extension Bias: If 4532.77 is broken, Gold could move toward 4386.15.

Invalidation Level / Bias Revision

The downside bias is restrained if the price breaks out above 4763.45.

Technical Summary

EMA(50) : 4612.41

EMA(200): 4674.01

RSI(14) : 47.20

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