📉 XAUUSD Forecast & Analysis 📉
🔹 Time Frame: H4
🔹 Analysis: XAUUSD has broken its trendline, signaling a potential bearish move. Following the breakdown, a hammer candlestick has formed, indicating a temporary pause before further selling pressure.
🔹 Sell Opportunity: A strong selling setup is developing at 2872, aligning with technical signals for a downside move.
🔹 Technical Target: 2780 – This level serves as the projected target based on current price action and trend analysis.
🔹 Key Levels to Watch:
✅ Resistance Zone: 2895 – If price approaches this level, sellers might step in.
✅ Support Zone: 2869 – If this level breaks, it could confirm further downside momentum.