Gold (XAU/USD) 4-Hour Chart Analysis1. The chart shows an uptrend with a clearly drawn trendline acting as dynamic support.
2. Price has consistently bounced from this trendline, confirming its reliability.
3. Recently, price has **broken below the trendline**, indicating a potential trend reversal or correction.
4. A retest of the trendline as resistance is observed, which is crucial for confirming a further downtrend.
5. There is a spike in volume during the breakdown, which suggests strong selling pressure.
6. The failure to reclaim the trendline indicates possible continuation of the bearish move.
Conclusion
Trendline breakdown suggests a bearish bias.
Look for short opportunities unless price reclaims the trendline.
Use stop-loss management to protect against false breakouts.
Monitor volume and price action near key levels ($2,910, $2,930, and $2,880)
