$Gold(IN00380.US)$SPDR Gold Minishares(GLDM.US)🚨 IS GOLD LOSING ITS SHINE? 4‑HOUR CHART BREAKDOWN 🐻✨Is gold (XAUUSD) h…

$Gold(IN00380.US)$SPDR Gold Minishares(GLDM.US)

🚨 IS GOLD LOSING ITS SHINE? 4‑HOUR CHART BREAKDOWN 🐻✨

Is gold (XAUUSD) heading for deeper falls or are we simply seeing a buying discount?

Let’s us take a closer look at the 4‑hour chart 📉👇

💸 Current price: US$3,912.21

📉 Market sentiment: 

Broadly bearish, though a short‑term intraday bounce is playing out right now

🔴 Bearish setup

Gold could not hold above the US$4,140‑US$4,145 double‑top zone. It has since printed lower highs and broken below the key US$4,000 psychological mark. Downward‑trending moving averages between US$3,980 and US$4,010 continue to cap any push higher from the bulls.

🧩 Important price levels to watch

✅ Major resistance: US$4,080 – US$4,145 (the double‑top and 9 Nov high)

✅ Near‑term resistance: US$3,975 – US$4,010 (a zone with heavy selling pressure)

✅ Key support floor: US$3,850 – US$3,870

🌍 What is driving the drop

Stubborn US inflation, growing expectations for an interest‑rate hike, and rising geopolitical‑tied oil prices are weighing on gold.

Do not miss the upcoming US PPI data release, it will move the chart.

🔮 Market outlook

The bears are still in charge. Any rally back near US$4,010 is at high risk of being sold. A clear break below US$3,850 may trigger the next sharp downward move 📉

Are you bullish or bearish on gold right now? Drop your take in the comments 👇

⚠️ Disclaimer: For discussion only, not trading, financial or investment advice. Past price patterns do not guarantee future results.☺️ Always do your own due diligence 😁.