Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Selling pressure persists within the ongoing corrective downswing, with price printing a $3,962 low in the prior session.
Technical outlook
- Trend/SMAs: 4H simple moving averages slope lower and sit above price as dynamic resistance, capping rebounds.
- Structure: A prior rising trendline break keeps bears in control.
- Momentum (RSI): Continues to flash negative signals, aligning with the prevailing corrective downtrend.
Base case (bearish while below $4,023)
- Maintaining trade below $4,023 favors continued downside.
- A decisive break/4H close beneath $3,962 would likely extend losses toward $3,955, then $3,924 (next support zone).
Invalidation / upside toggle
- A sustained 1H close back above $4,023 would signal a recovery attempt toward $4,045.
Risk note
Gold’s risk profile is elevated and may not suit all investors. Use prudent sizing and hard stops, and reassess quickly if the key levels give way amid ongoing trade and geopolitical headlines.
Risk Disclaimer: Trading CFDs involves risks, and therefore all scenarios may be plausible. The content above is not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.
| S1: 3955.00 | R1: 4023.00 |
| S2: 3924.00 | R2: 4060.00 |
| S3: 3887.00 | R3: 4090.00 |
