Gold (XAU/USD) is currently showing a strong bearish move after rejecting a key resistance zone around 4,800–4,850. The market respected the descending trendline, confirming continued selling pressure and a clear downtrend structure.
Price has now reached a strong support area near 4,100, where a sharp reaction can already be seen. This zone could act as a potential reversal point, especially with the presence of a 1H Fair Value Gap (FVG) around 4,300–4,350, which may attract price for a retracement.
If buyers step in, we can expect a short-term bullish pullback towards the FVG and possibly a retest of the broken resistance zone. However, if the support fails, gold may continue its bearish momentum towards lower levels.
Key levels to watch:
Support: 4,100 – 4,060
Resistance: 4,300 – 4,850
Traders should wait for confirmation before entering, as the market is currently at a critical decision point.
Price has now reached a strong support area near 4,100, where a sharp reaction can already be seen. This zone could act as a potential reversal point, especially with the presence of a 1H Fair Value Gap (FVG) around 4,300–4,350, which may attract price for a retracement.
If buyers step in, we can expect a short-term bullish pullback towards the FVG and possibly a retest of the broken resistance zone. However, if the support fails, gold may continue its bearish momentum towards lower levels.
Key levels to watch:
Support: 4,100 – 4,060
Resistance: 4,300 – 4,850
Traders should wait for confirmation before entering, as the market is currently at a critical decision point.
Luna Digital 📈
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Luna Digital 📈
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.