XAUUSD 1H Analysis: Bearish Structure

Jun 19

Gold remains under bearish pressure after sweeping buy-side liquidity near 4,378 and forming a strong rejection. The subsequent impulsive decline broke market structure around 4,220, confirming a bearish shift in order flow.

Price retraced into the 4,200–4,217 Fibonacci resistance zone (50%–61.8%) but failed to reclaim higher levels, reinforcing seller dominance. This area now acts as a bearish breaker block and remains the key zone to watch for continuation shorts.

The current structure is printing lower highs and lower lows, while price trades beneath the broken ascending trendline. As long as the market remains below 4,217, the path of least resistance favors further downside.

Key Levels
Major Resistance: 4,217 (0.618 Fib)
Secondary Resistance: 4,275–4,278 (Supply / Liquidity Zone)
Current Support: 4,155
Bearish Targets: 4,113 → 4,068
Bearish Outlook

A rejection from the 4,200–4,217 zone could trigger another leg lower toward 4,113, where sell-side liquidity rests beneath recent lows. A break below that level may expose the next demand zone around 4,068.

Invalidation

The bearish scenario weakens if buyers achieve a sustained hourly close above 4,217, with stronger bullish confirmation above 4,278.

Bias: Bearish 📉
Structure: Bearish BOS + Lower High Formation
Targets: 4,113 → 4,068
Invalidation: Above 4,217 / 4,278

Jun 25

Trade closed: target reached

target reached successfully