XAUUSD Bearish Below ResistanceXAUUSD on the 1-hour timeframe remains under bearish pressure after failing to establish a sustained recovery from the recent swing low. Price is consolidating beneath the Ichimoku cloud, indicating that sellers continue to control the short-term trend.
The 4,000–4,010 resistance zone is the first barrier bulls need to reclaim. Above that, the 4,048–4,058 major resistance area is expected to attract fresh selling interest if price stages a deeper retracement.
As long as gold remains below these resistance zones, the outlook favors another move lower. A rejection from resistance could trigger a continuation toward the first downside target around 3,950, where previous support is located. If bearish momentum accelerates and this level breaks, the next objective comes in near 3,930, marking the next significant support area.
A bullish scenario would require a decisive breakout above the highlighted resistance zones, which would weaken the current bearish structure and increase the probability of a trend reversal.
Key Levels:
Resistance: 4,000–4,010
Major Resistance: 4,048–4,058
Target 1: 3,950
Target 2: 3,930
Bias: Bearish while price remains below the 4,000–4,010 resistance zone.
Short