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GOLD (XAUUSD) 1H CHART ANALYSIS – BEARISH SETUP AHEADGOLD (XAUUSD) 1H CHART ANALYSIS – BEARISH SETUP AHEAD 🔍 Technical Overview Current Price: Around $4,036 – $4,040 Trendline: A key uptrend line (blue) has been broken, signaling weakening bullish momentum. Resistance Zone: Between $4,058 – $4,062, marked by red arrows 🚫 Support Zone: Near $3,930 – $3,940, highlighted by the purple box 🟪 📊 Market Structure The market recently made a lower high formation after failing to break above $4,062, indicating bearish divergence. Multiple rejection candles at the resistance zone confirm selling pressure 💣. The blue projection lines suggest a potential bearish retracement back toward the support zone around $3,930. 🧭 Key Levels Type Price Level Notes 🔺 Resistance 4,058 – 4,062 Double top zone, strong sellers present ⚖️ Mid-Level 4,000 Psychological round number, interim support 🟣 Support 3,930 – 3,940 Major buying interest, possible reversal zone 📉 Expected Price Action 🔻 Scenario 1 (Primary): Price may retest $4,050 – $4,060 resistance area, form another rejection, and drop toward $3,940 support. Potential short entry near $4,050 – $4,060 Target $3,940 Stop loss above $4,070 🔄 Scenario 2 (Alternative): If the price holds above $4,060, a breakout could trigger a bullish continuation toward $4,100+. 🧠 Trader’s Insight ⚠️ Bearish bias remains valid while below $4,060. 🕒 Watch for price reaction around the trendline retest and confirmation candles (bearish engulfing or pin bars). 📈 Smart traders might wait for confirmation below $4,000 before adding short positions. 💬 Summary ➡️ Bias: Bearish below $4,060 ➡️ Target: $3,940 ➡️ Invalidation: Break and close above $4,070 📍 “Trendlines break fast, but support zones hold stronger — trade smart, not fast.”
OANDA:XAUUSDShort
by Ali-Traders-Pro
XAUUSD Price Action Analysis Current Market Overview Price is trading at 3,371.67 🟢, showing bullish momentum after bouncing from the highlighted support zone (purple box). The support zone (3,358 – 3,348) is currently holding strongly, converting old resistance into support 🔄. 🔑 Key Levels to Watch Support Zone (3,358 – 3,348) 🛡️ → Price respected this area, confirming it as a demand zone. Immediate Support: 3,358.65 🟪 Secondary Supports: 3,348.60 📉 | 3,325.99 📉 | 3,311.63 📉 📈 Bullish Scenario If buyers maintain momentum above 3,358, price may attempt a move toward 3,380+ 🚀. Break above 3,380 could signal continuation to new highs 📊✨. 📉 Bearish Scenario A strong break back below 3,358 could re-test 3,348 → 3,325 → 3,311 ⬇️. Failure to hold support may trigger deeper correction. ✅ Professional Takeaway Market sentiment is bullish as long as price stays above 3,358 support zone 🟩. Traders may look for buy opportunities on dips near support with targets toward 3,380 – 3,390 🎯. Watch price reaction closely at the purple zone for confirmation before entering.
OANDA:XAUUSD
by ClassicallegendFx
1
XAU/USD Technical Analysis – Key Support Holding, but ResistanceGold (XAU/USD) is currently trading around $3,290, maintaining a short-term ascending trendline support, which has been respected consistently since the mid-May low around $3,150. This bullish structure reflects a recovery phase after a significant drawdown from early May highs near $3,426. The chart outlines a bullish ascending triangle, suggesting potential continuation if price can break above $3,347. Bulls have stepped in aggressively from May 15, forming higher lows, with a strong demand zone confirmed around $3,266. However, the descending resistance trendline from the $3,426 high has capped upside momentum. Price is now consolidating near the rising trendline, testing the support zone once again. The 50 EMA (red) and 20 EMA (green) are converging, hinting at a likely breakout or breakdown soon.
OANDA:XAUUSD
by sooryakanthsuresh
2
XAU/USD Analysis: Sideways Range and Awaiting BreakoutGold (XAU/USD) is currently in a sideways consolidation phase on the H4 timeframe, with price oscillating between key levels. After reaching a recent high near $2,685, the price has now settled around the $2,640 - $2,650 range. The market is awaiting significant catalysts, including key US labor market data later this week, which could trigger a breakout from this tight range. Key Levels to Watch: Support : $2,630 - $2,640. This zone has acted as a floor, where buyers have previously stepped in. Resistance : $2,665 - $2,685. A breakout above this level could pave the way for further upside momentum. Strategy : While Gold is currently moving sideways, traders should wait for a confirmed breakout either above resistance for a long position or below support for a potential short. A bullish breakout could target $2,700, while a break below $2,630 could signal further downside towards $2,600. Trade Plan: Buy: On breakout above $2,665, targeting $2,685 and potentially $2,700. Sell: On breakdown below $2,630, targeting $2,600. With important economic data ahead, it's critical to monitor both technical setups and fundamental news, as they will likely influence the next move. OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD
FOREXCOM:XAUUSD
by Trading_Zone_3773
XAUUSD - Positional Short SetupCMP - 2326.41 on 30.06.24 The price movement in recent sessions is analyzed on the chart. If it does not cross and sustain above the 2340-50 levels, this setup remains valid with a short view. Possible targets may be 2280/2200. The setup becomes invalid if the price sustains above 2350 for a couple of days. One has to choose the position size following risk management. Always think about the exit/stop loss while entering into a trade. This illustration is only for learning and sharing purposes, not a bit of trading advice in any form. All the best.
FXOPEN:XAUUSDShort
by anandlive
Gold $ International Chart (Bird View)Analysis On 14th December 2022 This is a Bird View so Possible Movement of Gold in a Daily TF for a Medium-term view. >Wave Counts - Recently, Gold has just reached to Depth of Correction point in Minute Cycle of Wave Count , while in an Intermediate Cycle, it seems like Wave C is still on. Furthermore, Last month's upward journey is still not break 50% (Healthy Retracement) of retracement compared to top of B wave (Intermediate Cycle). (Bearish) Divergences - There is multiple divergences, we can see in above chart, 1. Bearish Continuous Divergence between 2nd wave and C wave within the C wave (Intermediate Cycle). (Bearish) 2. Bearish Reversal Divergence in Wave C (Minute Cycle), Where some sort of Upward Triangle Chart Pattern Has Formed. (Bearish) After all, I expect one more downside leg which is 5th wave in Minor Cycle, till Depth of Correction in Intermediate cycle of 4th Wave (1451.41 $) Have a Good Day!!
TVC:GOLDShort
by KRSCharts
2