XAUUSD (Gold) 1H Analysis
Bias: Bearish Continuation
The chart shows price breaking down from an ascending channel after failing to sustain above the highlighted support/resistance zone around 4580–4582. The rejection from the upper channel boundary indicates weakening bullish momentum and increasing selling pressure.
Key Observations
Price has broken below the ascending channel, signaling a potential trend reversal.
The marked 4581.620 area is acting as a retest zone and resistance.
Recent candles show lower highs and bearish follow-through after the rejection.
Sellers appear in control as long as price remains below the support-turned-resistance zone.
Trade Setup
Entry Zone: 4540–4581 (on bearish retest confirmation)
Stop Loss: 4610.120
Target: 4487.699
Outlook
A successful retest of the broken support area near 4580 could trigger another leg lower toward the 4488 region. If buyers reclaim and hold above 4581.620, the bearish setup weakens and a move toward 4610 becomes possible.
Bias: Bearish Continuation
The chart shows price breaking down from an ascending channel after failing to sustain above the highlighted support/resistance zone around 4580–4582. The rejection from the upper channel boundary indicates weakening bullish momentum and increasing selling pressure.
Key Observations
Price has broken below the ascending channel, signaling a potential trend reversal.
The marked 4581.620 area is acting as a retest zone and resistance.
Recent candles show lower highs and bearish follow-through after the rejection.
Sellers appear in control as long as price remains below the support-turned-resistance zone.
Trade Setup
Entry Zone: 4540–4581 (on bearish retest confirmation)
Stop Loss: 4610.120
Target: 4487.699
Outlook
A successful retest of the broken support area near 4580 could trigger another leg lower toward the 4488 region. If buyers reclaim and hold above 4581.620, the bearish setup weakens and a move toward 4610 becomes possible.
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JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde
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.
