Gold Crash Countdown? Break the Lows, Bears Get Ready!

Wait 5 sec.

Gold Crash Countdown? Break the Lows, Bears Get Ready!GOLD (US$/OZ)TVC:GOLDybjjts Daily Bearish Marubozu! Gold Plunges 60 Pips—Here is Today's Battleground 📉 Technical Breakdown: Gold faced heavy rejection at $4496 on Wednesday, crashing nearly $60 to close at $4434. On the daily chart, XAU/USD is riding the lower Bollinger Band with strong bearish momentum. With the 1H and 4H charts showing a clear bearish alignment, the path of least resistance remains to the downside. 🎯 Today's Trading Strategy (Favoring Rallies to Short, Scap Longs on Support): ⚠️ Bears' Zone (Short on Rallies): Entry: Build short positions on a rebound into the $4445 - $4455 area. Strict SL at $4480. Targets: Downward toward $4400 - $4420. A clean break opens the door to $4390. 🧩 Bulls' Zone (Counter-Trend Longs): Entry: Aggressive traders can look for light long positions upon a retest of $4425 - $4435. Strict SL at $4415. Targets: Upside toward $4460 - $4470, with an extended target at the $4500 psychological handle. 💡 ⚡️ Note: The bears are firmly in control. Keep a close eye on how price reacts to the major $4400 psychological support. Manage your risk tightly!