Hello traders! Here’s my technical outlook based on the current XAUUSD (4H) chart structure. XAUUSD remains below a long-term descending trendline after breaking down from a consolidation range. The decline found strong buying interest near the 3,960 Demand Zone, where price formed a local pivot low and started to recover.
Currently, XAUUSD is trading above the 3,960 Demand Zone while remaining below the 4,120 Supply Zone. Buyers are attempting a short-term recovery, although the broader trend is still bearish.
As long as XAUUSD holds above the 3,960 Demand Zone, the recovery scenario remains valid. A bounce from current levels could push price toward the 4,120 Supply Zone (TP1), where sellers may become active again. Manage your risk!
Currently, XAUUSD is trading above the 3,960 Demand Zone while remaining below the 4,120 Supply Zone. Buyers are attempting a short-term recovery, although the broader trend is still bearish.
As long as XAUUSD holds above the 3,960 Demand Zone, the recovery scenario remains valid. A bounce from current levels could push price toward the 4,120 Supply Zone (TP1), where sellers may become active again. Manage your risk!
Trade aktif
Today's chart shows that we are approaching our target and key resistance. So let's see how the market reacts!Trading ditutup: target tercapai
The price was still rejected from the resistance zone. In total, we reached a price of 4.095, which is a pretty good short-term recovery result!
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🔶 Free telegram channel👉 t.me/heniitrading
🔥 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
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.