Gold Trend Remains Bearish with Target at 4115
Gold, represented by the XAUUSD pair, is currently exhibiting a bearish trend on the daily chart. Analyst Somali-Free_Pips anticipates that the price will continue to decline, targeting the Previous Day Low (PDL) near 4115. The bearish bias is supported by the key area of Demand-Filled Volume Gap (D-FVG) between 4185 and 4255, which acts as a significant resistance zone.
The strategy suggested involves selling rallies within this range, aiming for a bearish continuation. The invalidation point for this analysis would be a strong acceptance of price above the D-FVG area. This technical outlook is purely based on chart patterns and does not constitute financial advice.
The disclaimer emphasizes that the information provided is not intended to be financial, investment, or trading advice. It is crucial for traders to conduct their own research and consider the risks involved before making any trading decisions.