xau/usd

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xau/usdGOLD (US$/OZ)TVC:GOLDsmohdyusuf66XAU/USD remains in a clear short-term downtrend on the 15-minute chart, with sellers continuing to dominate price action. The market has formed a series of lower highs and lower lows, confirming bearish momentum. After failing to hold above the 4,097 resistance area, gold experienced another sharp decline, breaking below near-term support and reaching a low around the 4,068 region. The chart highlights a bearish trade setup with an entry near 4,085.59, a stop loss at 4,097.54, and a downside target at 4,057.58. This setup offers a favorable risk-to-reward ratio as long as price remains below the resistance zone. The recent bearish candle and strong rejection from higher levels suggest that sellers are still in control and may continue pushing the market lower. Traders should monitor the 4,085–4,097 area closely, as it now acts as a key resistance zone. Any retest and rejection from this level could provide further selling opportunities. Overall, the short-term outlook remains bearish, with 4,057 serving as the next major downside target for XAU/USD.