Gold (XAU/USD) Next Possible Move?

🔍 4-Hour Chart Analysis:
Trend: The price was in an uptrend, but a potential reversal has formed.

✅Key Bearish Signal: The presence of an Evening Star candlestick pattern at resistance (~$3,038) signals a potential trend reversal.



✅Moving Averages:

✅50 EMA (Exponential Moving Average): The price is testing this level as support.
✅200 EMA: Positioned lower, suggesting that the long-term trend is still bullish, but short-term weakness is visible.

📉Support Levels:

✅$3,005 (Minor Support)
✅$2,981 (Stronger Support)

📉Resistance Levels:

✅$3,038 (Key Resistance)

🔹 Summary:
The formation of an Evening Star at resistance suggests a potential downtrend unless the price strongly holds above the 50 EMA. A breakdown of $3,005 could accelerate selling toward $2,981.


🔍 1-Hour Chart Analysis:

📊Key Observations:

Trendline Resistance: A descending trendline is pushing prices lower.

50 EMA Resistance: Price is failing to break above the 50 EMA, confirming selling pressure.

🚨200 EMA Support: Price is holding above the 200 EMA, acting as a dynamic support.



🚨Point of Interest (POI) Zone: The blue-shaded area is a key demand zone, where buying pressure might increase.

🚨Fair Value Gap (FVG) Below: There’s an imbalance below $2,981, which price may fill before rebounding.

🔹 Summary:
If the 200 EMA support at $3,002 fails, a move toward the FVG zone near $2,981 is likely. A break above the trendline resistance and 50 EMA would signal a possible bullish reversal.

🔍 15-Minute Chart Analysis:

📊Key Observations:



📉Bearish Crossover: The 50 EMA crossed below the 200 EMA, a bearish sign indicating selling pressure.

📉Lower Highs Formation: Price is making lower highs, respecting the trendline resistance.

📉Support Zone Holding: The blue POI level is still acting as a temporary support.

🔹 Summary:
The short-term momentum is bearish, as indicated by the EMA crossover and trendline rejection. However, if buyers step in at the POI level, a short-term bounce may occur. If support at $2,999-$3,002 breaks, expect further downside.

📌 Trading Plan & Key Levels to Watch

🟢Bullish Scenario:

A break above the trendline and 50 EMA (~$3,020) could lead to a push toward $3,038.
A strong bounce from $2,981 (support level) could provide buying opportunities.

📍Bearish Scenario:

A break below $3,002 (200 EMA support) may trigger a move toward $2,981.
If $2,981 breaks, the price could target the FVG area ($2,955 - $2,930).

📉 Conclusion
Short-Term Trend: Bearish unless the price reclaims $3,020+.

Key Support: $3,002, $2,981
Key Resistance: $3,020, $3,038


Strategy: Watch for a breakout above trendline for bullish confirmation or a break below $3,002 for bearish continuation.

👉 Always follow TP/SL to protect your capital and maximize profits!

Stay tuned for updates once the confirmations are in place!

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Disclaimer: This is for educational purposes only.
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