🚨 Death Cross Alert: XAU/USDT (4H) 🚨
⚡Moving Averages Converging ⚡
Asset: $XAU (Gold/USDT)
Timeframe: 4-hour
Maturity Level: 80.0%
📊 Technical Setup:
The 50 SMA is getting dangerously close to crossing BELOW the 200 SMA a classic bearish "death cross" signal. This pattern often indicates a potential shift in momentum.
⚡Monitor closely for the actual crossover!
The chart shows weakening bullish momentum after the recent decline from previous highs. Volume analysis confirms the sentiment building up.
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