Gold 4555 – rebound or extend the decline? FOREXCOM:XAUUSD by Chum_trades — TradingView

Gold has fallen strongly from 4800→4600→4555X and is currently reacting in the short-term demand area.

⚡ background
Price rejected at trendline + resistance → strong decline
Downward momentum is strong → Sellers control the market
🎯 Critical Level

Resistance:

4660 – 4675 – 4698 – 4711 – 4800

support:

4555 – 4530 – 4500 – 4480 – 4450
🧠 Insight
Strong and continued decline → No obvious reversal signal yet
Price reacts in demand zone → possible short-term rebound
⚔️Scene

Scene one:

If 4555 holds → price may rebound to 4660 – 4675

Scenario 2:

If 4555 is broken → may fall to 4530 → 4500 → then 4480
💰Offers (Settings)

👉 Purchase:

Entries: 4480 – 4490
Stop Loss (SL): 20 pips
Targets (TP): 4511 – 4513 – 4515

👉Sell 1:

Entries: 4660 – 4675
Stop Loss (SL): 20 pips

👉 Sell 2:

Entries: 4698 – 4711
Stop Loss (SL): 20 pips
Target (TP): 20 – 40 – 60 – 80 points
⚠️Notes
The short-term trend is down → it is better to sell on the rebound
Avoid buying too early and wait for clear confirmation
📢 Conclusion

→ Short term: continued selling pressure
→ Pay attention to selling opportunities during the adjustment period
→ Only buy in deeper areas (around 4480)

👉 Will you buy from here or wait for the promotion above?