Fundamental Analysis
Gold remains sensitive to USD momentum, Treasury yields, and upcoming U.S. macro data. For now, the market is still showing defensive price action, with sellers controlling the structure after price failed to hold above the previous trendline.
Technical Analysis
On the 1H chart, XAUUSD is trading around 4,026 after breaking below the short-term uptrend structure. The nearest reaction area is the liquidity buy scalping zone at 3,998 - 4,004, where price may create a short bounce. However, the main area to watch is 4,074 - 4,080. This zone aligns with previous liquidity, Fibonacci reaction, and the broken trendline retest. If gold recovers into this area and rejects, the bearish continuation setup remains valid toward the lower target around 3,890.
Important Key Levels
Current price: 4,026
Buy scalping zone: 3,998 - 4,004
Liquidity sell test zone: 4,074 - 4,080
Short-term resistance: 4,040 - 4,050
Main downside target: 3,890 - 3,885
Invalidation: above 4,080
Trading Scenario
Main Sell Setup
Entry: 4,074 - 4,080
Stop Loss: 4,105
Take Profit 1: 4,004
Take Profit 2: 3,950
Take Profit 3: 3,890 - 3,885
Sell Condition
Wait for gold to recover into the 4,074 - 4,080 liquidity sell test zone. A valid sell setup needs bearish rejection, such as a long upper wick, failed reclaim, bearish engulfing candle, or price closing back below the zone. If price rejects and breaks below 3,998 - 4,004, downside momentum may expand toward 3,950 and 3,890. If price breaks and holds above 4,080, the sell setup becomes weaker.
Overall View
The main view remains bearish while XAUUSD trades below the broken trendline and under the liquidity sell test zone. Gold may bounce first from 3,998 - 4,004, but the preferred plan is to wait for a cleaner sell reaction around 4,074 - 4,080 before looking for continuation toward the lower Fibonacci target.
Do you share the same bearish view on gold, or are you waiting for a stronger rejection from the 4,074 - 4,080 zone?
📊 XAU Macro Pulse · XAUUSD · GBPUSD · EURUSD
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+ZahF8It14l40OWNl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+ZahF8It14l40OWNl
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.
📊 XAU Macro Pulse · XAUUSD · GBPUSD · EURUSD
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+ZahF8It14l40OWNl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+ZahF8It14l40OWNl
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.