📊 Technical Analysis
● XAU/USD is trading below a descending resistance line after failing to sustain the breakout of the ascending channel. Multiple rejections from the 4,495–4,505 resistance area signal weakening bullish momentum.
● Price structure shows a lower high and a corrective bounce from the support area near 4,455, which currently acts as a reaction zone. As long as price stays below 4,485, pressure remains tilted toward a continuation move lower.
💡 Fundamental Analysis
● Gold faces short-term headwinds from stable USD demand and reduced safe-haven flows amid calm risk sentiment and limited macro catalysts.
✨ Summary
● Short bias below 4,485. Resistance: 4,500–4,517. Targets: 4,470 and 4,455 support zone. Structure favors further pullback.
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● XAU/USD is trading below a descending resistance line after failing to sustain the breakout of the ascending channel. Multiple rejections from the 4,495–4,505 resistance area signal weakening bullish momentum.
● Price structure shows a lower high and a corrective bounce from the support area near 4,455, which currently acts as a reaction zone. As long as price stays below 4,485, pressure remains tilted toward a continuation move lower.
💡 Fundamental Analysis
● Gold faces short-term headwinds from stable USD demand and reduced safe-haven flows amid calm risk sentiment and limited macro catalysts.
✨ Summary
● Short bias below 4,485. Resistance: 4,500–4,517. Targets: 4,470 and 4,455 support zone. Structure favors further pullback.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.