XAUUSD | GOLD — 2H Technical Analysis...

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XAUUSD | GOLD — 2H Technical Analysis...GoldOANDA:XAUUSDXAUxBTC_Pro 🥇 XAUUSD | GOLD — 2H Technical Analysis Current Price: ~4455 🔻 Bearish Structure Price has broken below the ascending trendline. The 4480 area has now become a key resistance/retest zone. Price is also trading below the marked horizontal support around 4475–4480, increasing bearish pressure. The descending structure suggests lower prices are favored unless 4480–4520 is reclaimed. 🎯 Downside Targets TP1: 4400–4390 TP2: 4340–4325 🔥 (major support / chart target) TP3: 4240–4230 (next major buy area) 🛑 Invalidation A sustained 2H close above 4520 would weaken the bearish setup and could open a move toward 4560–4600. 📌 Preferred Setup SELL on a retest/rejection of 4465–4480 Bias: 🔴 Bearish Main Target: 4330–4340 Extended Target: 4230–4240