This chart is a 4-hour price chart of Gold (XAU/USD) with annota

1. Support Level (Upper Blue Line - Around 2,982)

This was a previous resistance level that was broken and is now acting as support.

The price is currently testing this level.



2. Bearish Trade Suggestion ("Use full margin bearish")

The annotation suggests entering a short (sell) position with full margin from the current level.

This means the analyst expects the price to drop from this point.



3. Target Area (Middle Blue Line - Around 2,932)

This is the expected price level where the price might fall, acting as a target for the short trade.



4. Resistance Area (Lower Red Line - Around 2,925)

A lower level where the price might find some support again.