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$4500, the epic battle for gold prices is heating up!
The bear market currently dominates
Key battleground: 4,503 – 4,520 (24-hour high + short-term resistance)
- If the bull market breaks above 4,520 → they will head straight for 4,711, and may retest 4,922.
- If the bear market drops below 4,450 → panic selling. Next support levels: 4,410 → 4,290 → a complete collapse toward the low of 4,124. Bear market feast.
Trading idea (high-confidence short):
Entry: 4,498
Stop loss: 4,523
Target price: 4,410
Risk-reward ratio: 1:3.5 — small risk, aiming for significant downside potential. $XAUT