$XAU HOLDS $4,000 SUPPORT AFTER 10% JUNE DROP ๐ฅ
Entry: 3,975 ๐ฅ
Target: 4,090 ๐
Stop Loss: 3,920 โ ๏ธ
Gold found buyers near the $3,970โ$3,980 demand zone after a steep 10% decline. Both analysts and price action point to a short-term rebound toward the $4,080โ$4,100 resistance cluster. The descending trendline that has capped rallies for weeks is now being tested โ a clean break above it would open the path to $4,040 and beyond.
Volume is picking up at support, and the daily structure suggests selling pressure may be exhausting. But with a strong dollar and rate-hike expectations still dominating macro sentiment, this bounce could be brief.
Will the bulls hold $4,000 or is this just a retest before another leg down?
Not financial advice. Always manage your risk.
#XAU #Gold #ReboundSetup #ResistanceTest ๐ฅ