2026-04-08 21:46:31

$XAU — Bearish Pullback: Momentum Cooling After Rejection

Gold just tapped a local high near 4,854 and got rejected hard. Since then, price has been printing lower highs with consistent selling pressure on the 1H chart.

📉 Market Structure Insight
Short-term trend has shifted bearish after the rejection. Buyers are failing to reclaim higher levels, showing weakening momentum.

💡 Key Insight:
This looks like a healthy pullback unless bulls reclaim 4,780 quickly.

🎯 Levels to Watch:
Support: 4,700
Resistance: 4,780

If support breaks, expect continuation lower. If reclaimed, bounce potential remains.

What’s your bias here—continuation or reversal?

XAU-1,91%

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