Gold XAUUSD (H1) is trading below the day's opening level of 4188.00 and below the daily Pivot level of 4247.00. Key indicators show a bearish trend, with the price below the MA72 trend line, where volume unloading usually occurs. A price increase above the level of 4155.00 will allow the price to move towards the level of 4188.00 or even towards 4200.00 and above. Below the level of 4155.00, the pair will move south towards the level of 4121.00 and may even go lower to 4098.00 and below. The pair is trading below the monthly Pivot level of 4559.91 (previous 4673.94 and pre-previous 4727.56), below the weekly Pivot level of 4201.09, and below the daily Pivot level, indicating a bearish sentiment for the pair. The current fork at this session is at the level of 4155.00. The first resistance is at 4188.00, the first support at 4121.60.
