The Trust Layer for Market Analysts

The analysis focuses on Spot Gold (XAUUSD) using weekly and daily timeframes. The weekly chart shows a significant downtrend following a peak around March. The price has consolidated and is currently testing a support level around 4500. Key moving averages (EMAs) show a bearish crossover on the daily chart, with the price trading below these averages. The MACD indicator is showing bearish divergence and is on the verge of a bearish crossover. The RSI is also indicating bearish momentum. The daily chart suggests a short-term bearish outlook, with support at 4400 and resistance at 4700. A break below 4400 on a daily closing basis would confirm a further downtrend, potentially targeting 4200, 4100, 4000, 3800, and 3600 levels. The analysis also points to potential resistance levels at 4700, 4716, 4804, and 4820. The long-term monthly chart shows an overall uptrend from 2015 to 2026, but recent price action and indicators suggest a short-term pullback or a more significant trend reversal. The speaker emphasizes waiting for confirmation of downward price movement, specifically a break below 4400, before entering short positions. The analysis highlights the importance of monitoring these key levels for potential trading opportunities.