📈 GOLD (XAUUSD) ANALYSIS UPDATE 📈

Date: 9 May 25 | Friday

Market remains in a clear downtrend and is likely to revisit the daily support level. At this stage, it’s crucial to wait for a retracement before entering any new positions.

A key H4 breakout zone is forming near the @ 3300.00 level, which also aligns with an H1 resistance zone. If price action confirms rejection at this area, it presents a strong opportunity to enter short positions.

If gold breaks above the H1 resistance and fails to respect the @ 3300.00 breakout zone, the next ideal sell setup will be at the H4 resistance near @ 3355.50.

For the downtrend to maintain momentum, gold must decisively break below the H4 support at @ 3291.00, which could open the path toward the lowest support zone on the chart.

🔑 Key Zones to Watch:

Sell zone: @ 3324.00 - 3327.00
Buy zone: @ 3291.00 - 3287.00

Patience and confirmation at these key levels will be essential for high-probability trades.