Fundamental Analysis
Gold remains under pressure as the market continues to watch USD strength, Treasury yields, and upcoming U.S. data. The current structure still favours sellers while price trades below the main EMA resistance.
For now, any recovery should be treated as a technical pullback unless gold can reclaim the key resistance zone with strong confirmation.
Technical Analysis
On the 1H chart, XAUUSD is still trading below EMA 34, EMA 89, and EMA 200. This shows that the short-term trend remains bearish, with the EMA structure acting as dynamic resistance above price.
Price is also moving inside a descending channel. After the previous bullish reaction from the lower area, gold is now slowing below the EMA zone again, which means sellers may still control the structure.
The key sell area is around 4,249 - 4,283. This zone is important because it combines the previous key support zone, liquidity resistance, and the upper reaction area below EMA pressure. If price retests this area and rejects, the bearish continuation setup becomes cleaner.
Below current price, the next liquidity zone is around 4,055 - 4,065. If sellers break this area, the next downside target may extend toward 4,024 and then 3,953.
Important Key Levels
Current price area: 4,178
Main sell zone: 4,249 - 4,283
Key support turned resistance: 4,249 - 4,283
EMA resistance area: 4,205 - 4,300
Nearest liquidity target: 4,055 - 4,065
Key downside level: 4,024
Extended bearish target: 3,953
Invalidation area: above 4,300
Trading Scenario
Main Sell Scenario
Entry: 4,249 - 4,283
Stop Loss: 4,300
Take Profit 1: 4,055
Take Profit 2: 4,024
Take Profit 3: 3,953
Sell Condition
The preferred setup is to wait for gold to retest the 4,249 - 4,283 resistance zone. This is the main liquidity sell area on the chart and also aligns with the broken support structure.
A sell setup becomes more valid if price forms bearish rejection from this zone, such as a long upper wick, bearish engulfing candle, failed breakout, or lower high below the EMA structure.
If price rejects from the sell zone and breaks below 4,159 - 4,150, the bearish continuation view becomes stronger. The next downside focus would be 4,055 - 4,065, followed by 4,024 and 3,953.
Entry Conditions
Wait for price to retest 4,249 - 4,283.
Look for bearish rejection before entering sell.
Do not sell directly at the lows without a pullback.
If price breaks and holds above 4,300, the sell setup is invalid.
Overall, the main view remains bearish while XAUUSD trades below the EMA structure and inside the descending channel. The preferred plan is to wait for price to retest the 4,249 - 4,283 liquidity resistance zone, then look for sell confirmation toward 4,055, 4,024, and 3,953.
Do you share the same bearish view on gold, or are you waiting for a cleaner retest of the sell zone first?
📊 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/+TxpetmVvKGhjZDhl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
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/+TxpetmVvKGhjZDhl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
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.