Gold Spot/US Dollar pressing against 1 (100%) support Arc – Potential breakdown toward 4,212

Mohamad Gharib

Gold Spot/US Dollar (XAU/USD): Arc cycle analysis™

Overview: Based on Arc Cycle Analysis™ applied to the 2h chart, Gold Spot / U.S. Dollar is interacting with the 1 (100%) Support Arc within the current Arc Cycle. Price is testing this Support Arc, suggesting the potential for a bearish breakdown toward the next Support Arc.

Market outlook

Price is testing the 1 (100%) Support Arc, where continued selling pressure may result in a breakdown toward the next Support Arc. A sustained breakdown below the Support Arc would support continued movement toward 4,212 price.

Conversely, a sustained 2h close above 4,320, would invalidate the bearish scenario and could shift the outlook back toward the upper Resistance Arc.

Author

Mohamad Gharib

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