Bearish Gold OutlookGOLD / US DOLLARPYTH:XAUUSDMiles_traderGold plunged sharply below 4220 and 4200 in a strong bearish move. The bearish trend is well established, and any rebound is merely technical correction. The price is now consolidating in a narrow range at lows, awaiting the release of CPI data later today. Overall, the market remains weak at lower levels. Key Technical Levels Resistance: 4220 (short-term resistance) 4250–4265 (major intraday resistance, former support turned resistance) 4280 (key bearish defense level) Support: 4170 (intraday low and strong short-term support) 4150 (next downside target) 4135 (deep support) Indicators: Daily chart shows bearish moving average alignment. RSI stays at low levels and MACD forms a bearish crossover. On the 4-hour chart, moving averages press downwards, maintaining a solid bearish structure. Trading Strategy Sell: 4220 - 4250 SL: 4270 TP: 4180 - 4170 - 4150