XAUUSD: Recovery Fades — Will Gold Retest 3990?
🟡 TREND FORECAST | XAUUSD • Gold remains under strong bearish pressure, with successive lower highs and lower lows confirming the ongoing H1 downtrend. • Price is currently trading around 4012 after rebounding from the 3990 area and facing renewed selling pressure below 4030. The recovery remains corrective, favoring selling rebounds while price stays below the 4041–4045 Trap Top zone. Keylevel • Resistance: 4030 → 4041–4045 → 4063–4066 • Support: 3990–3998 🚀 TRADING STRATEGY ✅ SELL 4041–4045 Primary sell setup on bearish rejection at the Trap Top zone.
SL: 4053 ✅ SELL 4063–4066 Additional…
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- cipherchart follow following
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- Friday, 23 October 2026, 1:22 pm IST
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- One outlet so far
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