Today Gold Analysis

*XAUUSD (GOLD) TECHNICAL ANALYSIS*

*Time Frame:* 4-Hour Chart

*Current Price:* 2565

*Trend:* Bearish Reversal

*Key Levels:*

- *Resistance:* 2575 (Previous Support)
- *Support:* 2550 (200-MA)
- *Pivot:* 2563

*Indicators:*

- *RSI (14):* 45.12 (Neutral)
- *MACD (12, 26):* Bearish Crossover
- *Moving Averages:*
- 50-MA: 2571
- 200-MA: 2550

*Candlestick Patterns:*

- Bearish Engulfing Pattern
- Dark Cloud Cover

*Analysis:*

The XAUUSD pair is showing signs of a bearish reversal. The price has broken below the pivot level (2563) and is approaching the support level (2550). The RSI is neutral, while the MACD indicates a bearish crossover.

*Trading Strategy:*

- Short Sell at 2563-2566
- Take Profit Levels:
1. TP1: 2560
2. TP2: 2555
3. TP3: 2550
4. TP4: 2540
- Stop Loss: 2583

*Risk Management:*

- Stop Loss at 2583 to limit potential losses
- Consider scaling out profits at each Take Profit level

*Market Sentiment:*

- Bearish sentiment dominates
- 60% of traders are short-selling

*Fundamental News:*

- US Dollar strength weighing on gold prices
- Interest rate hikes expected

*Conclusion:*

The technical analysis suggests a bearish reversal in the XAUUSD pair. The trading strategy is to short-sell at 2563-2566, targeting 2560, 2555, 2550, and 2540. Risk management is crucial, with a stop loss at 2583.