📉 $XAU /USDT: Gold’s Sharp Correction

$XAU has taken a massive hit, dropping from a peak of $5,625.34. It is currently showing a slight recovery but remains under pressure below key moving averages.

Entry Zone: $4,500 – $4,800 (Watch for stability near the recent low of $4,444.00).

Target 1: $5,018 (Immediate resistance at MA-7).

Target 2: $5,396 (Major recovery level).

Stop Loss (SL): $4,400 (Exit if the crash continues below the recent wick).

Trade Here 👇

XAU
XAUUSDT
4,821.71
-0.87%

Quick Insight: The trend is currently bearish as price is trading below the MA(7). High volume on the red candles suggests significant selling pressure; wait for a confirmed green candle on the daily chart before entering.

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