Gold — Short-Term Setup

Wait 5 sec.

Gold — Short-Term SetupGoldOANDA:XAUUSDChuck_Wilson9Gold has shifted into a low-level consolidation phase. Downside momentum is fading, so chasing shorts at current levels offers poor risk/reward. On the 4H chart, 4240–4246 remains the key support zone, while 4317–4320 is the first major resistance. Bias: Sell the rally, not the breakdown. Sell Zone: 4317–4320 on rejection Support: 4240–4246 Invalidation: Sustained break above 4340 No need to rush here — let price come to the level. Patience pays. XAUUSD XAUUSD XAUUSD XAUUSD