๐ XAUUSD Forecast & Analysis ๐
๐น Time Frame: H4
๐น Analysis: XAUUSD has broken its trendline, signaling a potential bearish move. Following the breakdown, a hammer candlestick has formed, indicating a temporary pause before further selling pressure.
๐น Sell Opportunity: A strong selling setup is developing at 2872, aligning with technical signals for a downside move.
๐น Technical Target: 2780 โ This level serves as the projected target based on current price action and trend analysis.
๐น Key Levels to Watch:
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Resistance Zone: 2895 โ If price approaches this level, sellers might step in.
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Support Zone: 2869 โ If this level breaks, it could confirm further downside momentum.