XAUUSD Short: Sellers Dominate Below 4,580, Potential Aim 4,490
Hello traders! Here’s my technical outlook based on the current XAUUSD (1H) chart structure. Gold previously traded within a range, showing consolidation before reaching a pivot point at the top of the structure. From there, price reversed sharply and entered a descending channel.
Currently, XAUUSD is trading below the 4,580 supply zone, which acts as resistance, while approaching the 4,510 demand zone. Multiple rejections and breakouts inside the channel highlight strong selling pressure and continuation of the downtrend.
As long as XAUUSD remains below the 4,580 resistance and respects the descending channel, the bearish scenario remains valid. A rejection from this area could push price toward the 4,490 support (TP1). Manage your risk!
Currently, XAUUSD is trading below the 4,580 supply zone, which acts as resistance, while approaching the 4,510 demand zone. Multiple rejections and breakouts inside the channel highlight strong selling pressure and continuation of the downtrend.
As long as XAUUSD remains below the 4,580 resistance and respects the descending channel, the bearish scenario remains valid. A rejection from this area could push price toward the 4,490 support (TP1). Manage your risk!
تم إغلاق الصفقة يدويًا
The market has been shaken by the latest news. The price of gold also received an impulsive upward movement, confidently breaking through the descending channel.
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💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.