Hello traders! Here is my technical outlook based on the current XAUUSD (1H) chart structure. Gold previously traded in an ascending channel, forming higher lows before entering a range and reversing, signaling weakening bullish momentum. Currently, price is trading below the 4,610 resistance zone (seller zone), while holding above the 4,500 support level (buyer zone). The market is also moving within a descending channel, where recent rejections from the upper boundary confirm seller control. As long as XAUUSD remains below 4,610, the bearish scenario remains valid. A rejection could push price toward the 4,500 support (TP1). Please share this idea with your friends and click Boost 🚀
Trade fechado: objetivo atingido
Today we can see that we have achieved our goal, we were able to drop to the support zone, namely 4510. This was followed by a strong upward reaction.
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🔷Join my telegram channel for free - bit.ly/4g4wovR
💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8
💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8
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.