XAUUSD is trading around 4,071 after losing short-term recovery momentum near the Ichimoku structure. Price is now testing the rising trendline support, and the early-week focus is on whether gold can hold this structure or break lower.
The priority view is bearish if gold breaks below the trendline and strong support area. A clean breakdown may open the way toward the Fibonacci extension targets.
Technical View
Gold is currently moving inside a tightening structure between the descending resistance line and the rising trendline support. This shows that price is being compressed before a stronger move.
The short-term recovery has failed to break clearly above the Ichimoku resistance. Price remains under pressure near the cloud, which means buyers have not fully regained control. As long as gold stays below the Ichimoku resistance and below the FVG sell order zone, the upside remains limited.
The 4,100–4,106 area is the main FVG sell order zone on the chart. This zone is important because it aligns with the short-term resistance structure, Ichimoku pressure, and the descending trendline area. If gold retests this zone and rejects, it may confirm another lower high before the next bearish leg.
The 4,055–4,065 area is the strong support zone and also connects with the rising trendline. If price breaks below this area, the bullish correction structure may fail. That would confirm a trendline break and shift the short-term market back into stronger bearish continuation.
The first downside target is the Fibonacci 1.618 extension around 4,015–4,020. If selling pressure continues after breaking support, the next deeper target may be the Fibonacci 2.618 area around 3,950–3,960.
Key Zones
Current price: 4,071
FVG sell order zone: 4,100–4,106
Ichimoku resistance area: 4,085–4,111
Strong support: 4,055–4,065
Trendline breakdown zone: below 4,055
Fibonacci 1.618 target: 4,015–4,020
Fibonacci 2.618 target: 3,950–3,960
Invalidation: above 4,116
Trading Plan
Sell Priority: 4,100–4,106
Condition: wait for bearish rejection from the FVG sell order zone, failed recovery above Ichimoku, or a clean break below the rising trendline support.
SL: above 4,116
TP1: 4,055–4,065
TP2: 4,015–4,020
TP3: 3,950–3,960
Alternative Scenario
If gold breaks below 4,055 directly at the start of the week, wait for a retest of the broken trendline or support zone as resistance before looking for sell continuation toward the Fibonacci 1.618 target.
Buy View
Buy is not the priority while price stays below the FVG sell order zone and Ichimoku resistance. A short-term buy reaction may appear around 4,015–4,020, but it needs clear bullish confirmation first.
Final View
Overall, gold is still under short-term bearish pressure. The key point for the start of the week is the rising trendline support. If gold breaks below 4,055–4,065, the correction structure may fail and the downside path toward 4,015 and 3,950 becomes more realistic.
Will gold break the trendline early next week, or retest the FVG sell order zone before moving lower?
The priority view is bearish if gold breaks below the trendline and strong support area. A clean breakdown may open the way toward the Fibonacci extension targets.
Technical View
Gold is currently moving inside a tightening structure between the descending resistance line and the rising trendline support. This shows that price is being compressed before a stronger move.
The short-term recovery has failed to break clearly above the Ichimoku resistance. Price remains under pressure near the cloud, which means buyers have not fully regained control. As long as gold stays below the Ichimoku resistance and below the FVG sell order zone, the upside remains limited.
The 4,100–4,106 area is the main FVG sell order zone on the chart. This zone is important because it aligns with the short-term resistance structure, Ichimoku pressure, and the descending trendline area. If gold retests this zone and rejects, it may confirm another lower high before the next bearish leg.
The 4,055–4,065 area is the strong support zone and also connects with the rising trendline. If price breaks below this area, the bullish correction structure may fail. That would confirm a trendline break and shift the short-term market back into stronger bearish continuation.
The first downside target is the Fibonacci 1.618 extension around 4,015–4,020. If selling pressure continues after breaking support, the next deeper target may be the Fibonacci 2.618 area around 3,950–3,960.
Key Zones
Current price: 4,071
FVG sell order zone: 4,100–4,106
Ichimoku resistance area: 4,085–4,111
Strong support: 4,055–4,065
Trendline breakdown zone: below 4,055
Fibonacci 1.618 target: 4,015–4,020
Fibonacci 2.618 target: 3,950–3,960
Invalidation: above 4,116
Trading Plan
Sell Priority: 4,100–4,106
Condition: wait for bearish rejection from the FVG sell order zone, failed recovery above Ichimoku, or a clean break below the rising trendline support.
SL: above 4,116
TP1: 4,055–4,065
TP2: 4,015–4,020
TP3: 3,950–3,960
Alternative Scenario
If gold breaks below 4,055 directly at the start of the week, wait for a retest of the broken trendline or support zone as resistance before looking for sell continuation toward the Fibonacci 1.618 target.
Buy View
Buy is not the priority while price stays below the FVG sell order zone and Ichimoku resistance. A short-term buy reaction may appear around 4,015–4,020, but it needs clear bullish confirmation first.
Final View
Overall, gold is still under short-term bearish pressure. The key point for the start of the week is the rising trendline support. If gold breaks below 4,055–4,065, the correction structure may fail and the downside path toward 4,015 and 3,950 becomes more realistic.
Will gold break the trendline early next week, or retest the FVG sell order zone before moving lower?
Trading Gold the structured way — liquidity, order blocks, Ichimoku confluence
New idea every session. Follow + tap into the community → t.me/+aYglWgKtiPdkMGI9
Analysis, not advice. Trade your own plan.
New idea every session. Follow + tap into the community → t.me/+aYglWgKtiPdkMGI9
Analysis, not advice. Trade your own plan.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading Gold the structured way — liquidity, order blocks, Ichimoku confluence
New idea every session. Follow + tap into the community → t.me/+aYglWgKtiPdkMGI9
Analysis, not advice. Trade your own plan.
New idea every session. Follow + tap into the community → t.me/+aYglWgKtiPdkMGI9
Analysis, not advice. Trade your own plan.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.