The analysis suggests a cautious bearish outlook for GOLD/USD, favoring short positions below a specific price point. While a minor correction towards a resistance is possible, sellers generally maintain control. The primary target lies at a lower support level, with further bearish objectives identified if this support breaks. However, technical indicators offer conflicting signals, indicating a potential short-term correction. Breaching a certain resistance would negate the bearish forecast, warranting a reassessment towards a bullish scenario. Until the invalidation level is reached, a bearish strategy is recommended, but the potential for a short-term correction warrants vigilance.
GOLD – USD – 1H
