In the near term, XAU/USD is neutral. The 4-hour chart shows a bearish 20 SMA keeps heading south below the current level after crossing below a flat 100 SMA. The 200 SMA, in the meantime, provides dynamic support at around $2,385.00. Finally, technical indicators have bounced from their recent lows but turned flat within neutral levels, somehow suggesting absent buying interest as per XAU/USD holding just below their midlines.

Support levels: 2,385.00 2,372.90 2,366.00

Resistance levels: 2,411.20 2,424.10 2,438.80

Gold now sell 2389
Target 2385
Target 2380
Target 2360

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