XAUUSD is facing resistance at the 5,000 level above, a significant psychological threshold that has triggered a price pullback. The market recently formed a higher low following the corrective phase, but the bearish structure remains prominent as price action appears to be consolidating below the resistance zone. The rejection from this key level, combined with the ongoing downward pressure, suggests that further declines are likely.If the price continues to face pressure at the 5,000 mark, it may proceed lower towards the 4,600 area, a support level where a potential reversal could occur. However, until the price breaches the resistance and breaks above this key zone, the bearish trend may persist.
➡️ Primary scenario: Rejection from 5,000 → potential continuation towards 4,600.
⚠️ Risk scenario: A decisive close above 5,000 could signal a shift in trend, opening the door to a move higher towards 5,400.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
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.