Aug. 30 at 12:23 PM
$GOLD $XAUUSD rejected at the descending channel (
$4,696) and gave back the entire bounce in one bar. Now sitting at
$4,453 (-3.08%).
The bounce never cleared the 50% retracement (
$4,765) and RSI topped out near 60 — no conviction behind the move up.
$4,381.57 is the line. Break it and
$4,000 →
$3,940 opens fast. Hold it and this stays range-bound between 4,381 and 4,570.
Full levels + invalidation: https://prosignaltrades.com/gold-bearish-setup-xauusd-4380-support-2026/