XAUUSD Daily Technical Analysis

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XAUUSD Daily Technical AnalysisGold vs US DollarPEPPERSTONE:XAUUSDfullpriceactionOn the Gold / US Dollar daily (1D) chart, the technical analysis highlights a strong downward trend defined by a descending trendline. The price action features multiple bearish signals, notably daily engulfing and marubozu candles confirming strong seller momentum, alongside a daily doji signaling hesitation right underneath a 4-hour (H4) bearish Order Block. Currently trading at 4070.90 following a sharp rejection from these key resistance levels, the market validates this continuation pattern, pointing toward a potential acceleration of the downward movement targeting lower levels around 3800.00.