The weakness is obvious. Pay attention to support levels.

Wait 5 sec.

The weakness is obvious. Pay attention to support levels.GoldOANDA:XAUUSDThe_Golden_MasterDuring the early Asian trading session, gold exhibited a volatile pattern, with multi-timeframe signals pointing toward a weak consolidation phase. On the 4-hour chart, gold prices are trading within a descending channel; the moving average system is aligned in a bearish configuration, the MACD has formed a "death cross," and bearish momentum is gradually being released, indicating a lack of strength in short-term rebounds. The resistance level is in the 4760-4770 range; any rebound to this area will face significant resistance. On the 1-hour chart, gold prices are trending lower amidst volatility; the RSI indicator has retreated below the 50-mark, clearly signaling a short-term bearish bias. Should the 4700 support level be breached, prices are expected to probe further downward toward $4660. For short-term trading, long positions may be initiated within the 4700–4710 range, targeting 4740–4760. If the price encounters resistance at 4780, consider shorting on a pullback. More Strategies ➤➤➤➤➤➤➤➤◍