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traderhere
XAUT at $4,138.2 is in downtrend after rejecting $XAUT 4,679.8. Price trades below MA5 $4,162.0, MA10 $4,203.6, MA20 $4,269.1, showing bearish pressure. Support is $4,117.5 low. Break below could target $4,050 and $4,000. Resistance at $4,162 and $4,203. Gold narrative weakening short term but long term safe haven intact. Wait for reclaim above $4,269 for bullish reversal confirmation this month ahead with patience before entering long positions again in spot trading
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