The Trust Layer for Market Analysts

The analysis focuses on Gold (XAUUSD) using weekly and daily charts. The speaker identifies support zones around 4500 and 4400, and resistance levels near 4800, 5000, and 5600. The weekly chart shows a bearish trend, with price action consistently closing below moving averages and indicators like RSI and MACD suggesting further downside potential. The speaker highlights a potential breakout below 4500 and 4400, targeting lower levels at 4400, 4380, and potentially 4200. On the daily chart, a descending pattern is observed, with key resistance at 4640 and 4700. The analysis points to a potential sharp fall towards 4400 and 4300 if these resistance levels are not broken. The MACD and RSI indicators on daily and weekly timeframes both signal bearish momentum. The speaker emphasizes caution and the importance of waiting for clear confirmation of price movements at these critical levels. Short-term targets on the 30m chart are identified as 4536, 4542, 4550, 4564, 4580, 4604, and 4650.