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XAUUSD remains under downward pressure, with sellers taking the clear advantage, pushing the price towards the 3933 support area. Buyers’ efforts to keep prices at the trendline are very weak, indicating that this support is at risk of being breached and the market decline could extend to lower levels.
At this stage, monitoring price reactions at important support levels on the chart is key to finding safe entry points.
Preferred trading scenarios:
Buy when the market refuses to fall sharply and there is a clear reversal signal in the 3973-3933 area.
Target: Direct target is 4104, with further extension to 4203.
Risk warning: If the 4-hour candle (H4) closes below 3933, the uptrend will be invalidated.
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