REDATOR Ben Graham Posted December 4, 2025 REDATOR Report Share Posted December 4, 2025 Gold is trading around $4,192 under downward pressure after reaching a high of $4,240. Gold could rebound above $4,180 and reach the top of the trend channel around $4,230.According to the H4 chart, we can see that gold is within a downtrend channel formed since November 26. Thus, if a pullback towards $4,230 (top of the downtrend channel) or towards the 7/8 Murray located at $4,215 occurs, it will be seen as an opportunity to resume selling.Gold is likely to reach the bottom of the downtrend channel around $4,103 in the coming days and could even reach the 200 EMA around $4,090. Finally, XAU/USD is expected to reach 6/8 Murray around $4,062.Given that the Eagle indicator is showing a negative signal while the instrument is trading below the downtrend channel, any spike or technical rebound will be seen as a signal to resume short positions.The medium-term outlook remains bearish, and gold is expected to reach the psychological level of $4,000.The material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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