Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Gold extended its decline in the prior session, in line with the bearish view, approaching the projected $3,985 target and printing a low at $3,963.
Technical outlook
- Price remains below the 50/100 SMA cluster on H4, keeping moving averages as dynamic resistance and capping rebound attempts.
- The ascending trendline has been broken, reinforcing downside control and lowering recovery odds.
Base case (bearish continuation)
A decisive break below $3,963 would likely unlock a deeper corrective leg toward $3,922. Failure to defend 3,922 would further embolden sellers.
Alternative case (tactical bounce)
A reclaim and sustained hold above $4,000 would signal stabilization and open room for a corrective recovery toward $4,022.
Key levels
- Support: $3,963; $3,922
- Resistance: $4,000; $4,022
Risk note
Gold trading carries elevated risk amid ongoing trade and geopolitical tensions; multiple scenarios remain possible. This commentary is for information only and is not investment advice.
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: 3922.00 | R1: 4068.00 |
| S2: 3870.00 | R2: 4161.00 |
| S3: 3776.00 | R3: 4214.00 |
