Hello traders! Here’s my technical outlook based on the current XAUUSD (2H) chart structure. Gold previously moved under a descending supply line, where price formed lower highs, confirming sustained bearish pressure. After a rejection from a pivot high, the market broke below the rising demand line, signaling a shift in structure from bullish to bearish. Following the breakdown, price entered a consolidation range, which later resolved to the downside with a confirmed breakout.
Currently, XAUUSD is trading below the 4,470 supply zone, which acts as key resistance. At the same time, price is approaching the 4,330 demand zone, where temporary reactions may occur but overall structure remains weak.
As long as price remains below the 4,470 resistance and inside the descending channel, the bearish bias stays valid. A continuation lower could push gold toward the 4,330 support, which is the primary downside target. Manage your risk!
Currently, XAUUSD is trading below the 4,470 supply zone, which acts as key resistance. At the same time, price is approaching the 4,330 demand zone, where temporary reactions may occur but overall structure remains weak.
As long as price remains below the 4,470 resistance and inside the descending channel, the bearish bias stays valid. A continuation lower could push gold toward the 4,330 support, which is the primary downside target. Manage your risk!
Trade ist aktiv
Gold has broken out of the descending channel. But in my opinion this will be a fake breakout. Because the current news is not on the side of the buyers!Trade wurde manuell geschlossen
We see a situation where gold has consolidated after breaking through the descending channel. That's why we need to consider recovery scenarios!
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🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
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.