XAUUSD Price Will Decline From Top

The XAU/USD (Gold) price is in a bearish trend, with further drops expected after testing the 2946 level. You anticipate probable support levels of 2920, 2910, and 2995. However, you're also wary of selling because to the strong bullish trend, which might lead to a rebound to 2955 if the market displays resilience following the projected downturn.

Your analysis reveals that, while the bearish pattern is in place, selling Gold is still a dangerous decision given the chance of a counter rebound due to the positive momentum.


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📉 XAU/USD – Bearish Setup Ahead? Key Levels to Watch! 🔥
💰 Gold (XAU/USD) Analysis – 1H Chart

Gold is showing signs of bearish pressure after failing to break the $2,940 - $2,944 resistance zone. The price remains inside a descending channel, indicating a possible continuation to the downside. 📉

🔑 Key Levels to Watch:
🔻 Resistance Zone: $2,940 - $2,944 (Strong supply area)
🔻 Support Levels:

First Support: $2,920 (Potential breakdown level)
Second Support: $2,910 (Next key level)
Major Support: $2,896 (Critical bearish target)
📉 Bearish Outlook:
✅ Price has failed to break above the descending trendline, showing signs of weakness.
✅ A break below $2,920 could trigger further downside towards $2,910 and $2,896.
✅ If sellers take control, $2,888 could be the next major target.

⚠️ Watch for:
🔍 Breakdown Confirmation below $2,920 for a strong bearish move.
🚨 Fakeout Possibilities at support levels—wait for confirmation!
📈 Bullish Reversal? If price breaks above $2,944, bearish momentum could be invalidated.

📊 Conclusion: Gold is at a decision point! Will sellers push it lower, or will buyers step in? Let me know your thoughts in the comments! 🔥👇

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