📈 GOLD (XAUUSD) ANALYSIS UPDATE 📈

Date: 24 April 25 | Thursday

Market is currently showing signs of a breakout below the daily support zone, indicating a possible continuation of the downtrend.

A retracement is likely before the trend resumes. We’re watching for price action to move up toward the H4 resistance zone at @ 3355.20. This level is expected to act as a key retracement zone, where sellers may look to re-enter the market if price respects the resistance.

Should gold react bearishly at this H4 resistance, the next area of interest will be the H4 support zone. If price breaks below this level with momentum, it opens the path for a continued decline toward the next major daily support zone at @ 3213.80.

🔑 Key Zones to Watch:

Sell zone: @ 3355.20 - 3358.55
Buy zone: @ 3278.50 - 3275.80

On the other hand, if gold breaks above the H4 resistance zone, this invalidates the retracement scenario, and we may then look for bullish opportunities, targeting the daily resistance level as the next upside objective.