Gold (XAUUSD) 4H Analysis: Bearish Breakdown with Potential Pull

Gold (XAUUSD) 4H Chart Analysis 📉✨
1️⃣ Price Action

Gold is in a downtrend, recently breaking below a key support zone (purple).
It is trading below the 200 EMA (2,841.953), confirming bearish sentiment.
A minor pullback to the broken support zone is expected before further downside.
2️⃣ Support & Resistance

Resistance Zone: Around 2,875 - 2,900 (previous supply area).
Immediate Support: 2,800 - 2,810 (highlighted demand zone).
3️⃣ RSI (Relative Strength Index) 📊

Oversold at 19.98 ⚠️ → This suggests a potential short-term bounce, but trend remains weak.
32.46 level is a key resistance on RSI; breaking above could signal a recovery.
4️⃣ Bearish Bias 📉

If price retests the broken support and rejects, we could see a drop towards 2,800.
RSI suggests possible relief before further downside.
Trading Outlook 🔥
✅ Bearish Scenario: Sell on a rejection of the broken support, targeting 2,800.
🚨 Bullish Case: If Gold reclaims 2,850+, it might retest the 200 EMA and higher levels.

Would you like an updated analysis if the price action changes? 🚀📊