📉 XAUUSD Bearish Continuation: The Downtrend Is Still in Play


XAUUSD Bearish Continuation Idea

Gold has finally started to respect the downside levels we discussed earlier, and the recent move suggests that sellers are still in control. After failing to hold above key resistance, the market has shifted its focus toward lower support zones.

At the moment, any short-term bounce could simply be a retest before another wave of selling. As long as price remains below the recent breakdown area, the bearish structure stays intact and traders may continue to look for lower targets.

Of course, markets never move in a straight line, but for now the momentum appears to favor the bears. The coming sessions will be important to see whether gold extends the decline or finds enough demand to slow the move.

Idea by The Pip Reporter


 

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