🟡 XAU/USD — Gold Spot | 4H
Current Price: $3,993.35
Structure: Gold is trading inside a descending channel (lower highs since the June top near $4,360), now consolidating just above a key shelf between $3,920–$3,950. Price is currently resting on the rising trendline support that's held since May, with the range highs capped near $4,020–$4,060.
🔻 Bearish Scenario — Break & Close Below $3,920–$3,950
If gold breaks and confirms below this zone, it removes the last structural support holding the current range, and opens the door to a much deeper corrective leg:
🎯 Target 1: $3,800
🎯 Target 2: $3,700
🎯 Target 3: $3,500 (extended target)
Confirmation needed:
🔸 4H candle close below $3,920, not just a wick
🔸 Ideally a retest of $3,920–$3,950 from below acting as new resistance
🔸 Rising trendline (red) support also breaking down would add confluence
Invalidation: A reclaim and 4H close back above $4,020 would invalidate the breakdown scenario and shift bias back toward range continuation.
⚠️ This is a conditional setup — wait for confirmation, don't pre-position on the break.
— Avo.Trades
Current Price: $3,993.35
Structure: Gold is trading inside a descending channel (lower highs since the June top near $4,360), now consolidating just above a key shelf between $3,920–$3,950. Price is currently resting on the rising trendline support that's held since May, with the range highs capped near $4,020–$4,060.
🔻 Bearish Scenario — Break & Close Below $3,920–$3,950
If gold breaks and confirms below this zone, it removes the last structural support holding the current range, and opens the door to a much deeper corrective leg:
🎯 Target 1: $3,800
🎯 Target 2: $3,700
🎯 Target 3: $3,500 (extended target)
Confirmation needed:
🔸 4H candle close below $3,920, not just a wick
🔸 Ideally a retest of $3,920–$3,950 from below acting as new resistance
🔸 Rising trendline (red) support also breaking down would add confluence
Invalidation: A reclaim and 4H close back above $4,020 would invalidate the breakdown scenario and shift bias back toward range continuation.
⚠️ This is a conditional setup — wait for confirmation, don't pre-position on the break.
— Avo.Trades
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.