XAUUSD Analysis (1H Chart) – Shavyfxhub Strategy
Market Structure Breakdown
Overall Structure:
Gold is in a short-term descending channel (red trendlines) after failing to break higher.
Price has been making lower highs and testing lower supports — bearish market structure on this timeframe.
Key Levels:
Demand Floor: 4,076 – 4,070 (critical support zone marked on chart).
Supply Roof: Around 4,098 – 4,120.
Current price is consolidating near the lower part of the channel.
Current Price Action:
Gold is respecting the descending channel.
The black horizontal line is acting as dynamic resistance.
Recent candles show some buying interest near the 4,070 demand floor.
Shavyfxhub Strategy Outlook:
Bearish Bias while price stays below the red supply roof.
Watch the 4,070 – 4,076 demand floor closely. A strong defense here could lead to a bounce toward 4,098.
If buyers fail to hold this zone, expect a sweep lower toward 4,000 – 3,980.
#GOLD #XAUUSD
Market Structure Breakdown
Overall Structure:
Gold is in a short-term descending channel (red trendlines) after failing to break higher.
Price has been making lower highs and testing lower supports — bearish market structure on this timeframe.
Key Levels:
Demand Floor: 4,076 – 4,070 (critical support zone marked on chart).
Supply Roof: Around 4,098 – 4,120.
Current price is consolidating near the lower part of the channel.
Current Price Action:
Gold is respecting the descending channel.
The black horizontal line is acting as dynamic resistance.
Recent candles show some buying interest near the 4,070 demand floor.
Shavyfxhub Strategy Outlook:
Bearish Bias while price stays below the red supply roof.
Watch the 4,070 – 4,076 demand floor closely. A strong defense here could lead to a bounce toward 4,098.
If buyers fail to hold this zone, expect a sweep lower toward 4,000 – 3,980.
#GOLD #XAUUSD
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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.