Gold Faces Profit-Taking Pressure,Pulls Back Toward Support ZoneGoldOANDA:XAUUSDMian-FXSignalsπ Market Overview: After its previous rally, gold is turning lower on the 1-hour timeframe. Investors are taking profits while market sentiment becomes more cautious after price reached the resistance area around $4,325. π Technical Analysis: β’ Key Resistance: $4,330 and $4,345 β’ Nearest Support: $4,290 and $4,280 β’ EMA: Price is currently trading below the DEMA 9 and approaching the SMA 9, suggesting that the short-term trend is shifting bearish. β’ Candlestick / Volume / Momentum: RSI is at 47 and moving below the neutral 50 level, indicating weakening buying pressure and increasing seller control on the 1-hour timeframe. π Outlook: Gold may continue to decline in the short term if it fails to hold the strong support level at $4,300. A break below this level could extend the downside move toward $4,290. π‘ Suggested Trading Strategy: π» SELL XAU/USD: 4,327 β 4,330 π― TP: 40 / 80 / 200 pips β SL: 4,335 πΊ BUY XAU/USD: 4,290 β 4,287 π― TP: 40 / 80 / 200 pips β SL: 4,282