📊 Technical Analysis
● XAU/USD formed a medium-term distribution after a sharp rally, with a double top and head-and-shoulders structure signaling trend exhaustion. The violent rejection from the upper resistance zone confirms strong selling interest.
● Price has broken back below the rising structure and is retesting former support near 4,700–4,650, where a weak rebound suggests corrective consolidation before further downside toward the lower trendline around 4,500.
💡 Fundamental Analysis
● Persistently high US yields and resilient US macro data reduce safe-haven demand for gold, reinforcing a medium-term corrective bias.
✨ Summary
● Bearish reversal confirmed from major resistance.
● Medium-term downside toward 4,700 → 4,500 is favored while below 5,000.
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● XAU/USD formed a medium-term distribution after a sharp rally, with a double top and head-and-shoulders structure signaling trend exhaustion. The violent rejection from the upper resistance zone confirms strong selling interest.
● Price has broken back below the rising structure and is retesting former support near 4,700–4,650, where a weak rebound suggests corrective consolidation before further downside toward the lower trendline around 4,500.
💡 Fundamental Analysis
● Persistently high US yields and resilient US macro data reduce safe-haven demand for gold, reinforcing a medium-term corrective bias.
✨ Summary
● Bearish reversal confirmed from major resistance.
● Medium-term downside toward 4,700 → 4,500 is favored while below 5,000.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Transaction en cours
📊 Technical Analysis
● XAU/USD remains capped by a descending resistance line after a sharp impulsive sell-off, with the latest rebound failing near 4,950–5,000. This rejection confirms that bullish attempts are corrective rather than trend-changing.
● Price structure favors continuation lower, as the recovery unfolds within a rising corrective wedge. A break below 4,760 would expose the next support zones near 4,600 and 4,500, aligned with prior demand and the broader bearish wave.
💡 Fundamental Analysis
● Sustained USD strength and elevated US yields continue to pressure gold, limiting upside as markets reassess rate-cut timing.
✨ Summary
● Gold remains below key descending resistance.
● Short-term downside toward 4,760 → 4,600 is favored while below 5,000.
-------------------
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
t.me/DeGRAMCrypto
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
t.me/DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
t.me/DeGRAMCrypto
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.