XAUUSD (Gold) analysis on the 1H timeframe.
Gold is currently in a bearish continuation phase after breaking down from a prior consolidation/distribution structure. The market is forming lower highs and lower lows, which confirms ongoing downside pressure.
At the moment, price is reacting near the 4700–4720 support zone, where a short-term bounce or pullback can occur.
🔻 Bearish Scenario (Primary)
If price pulls back into the 4735–4755 area, this zone may act as resistance.
A rejection here could lead to further downside continuation, with potential targets around:
4700 (near support)
4680 (next lower level)
This scenario aligns with the current market structure and trend direction.
🔺 Alternative Scenario (Short-Term Bounce)
If the support zone around 4700 holds strongly, price may move higher temporarily.
A bounce toward the 4765–4785 resistance zone is possible before the next directional move.
This would be considered a retracement, not a confirmed trend reversal.
📌 Key Concepts in This Analysis
Market Structure (Lower Highs / Lower Lows)
Support and Resistance Zones
Pullback Entries in Trending Markets
Scenario-Based Planning
⚠️ This analysis is for educational purposes only and reflects current market structure. Always use proper risk management.
Gold is currently in a bearish continuation phase after breaking down from a prior consolidation/distribution structure. The market is forming lower highs and lower lows, which confirms ongoing downside pressure.
At the moment, price is reacting near the 4700–4720 support zone, where a short-term bounce or pullback can occur.
🔻 Bearish Scenario (Primary)
If price pulls back into the 4735–4755 area, this zone may act as resistance.
A rejection here could lead to further downside continuation, with potential targets around:
4700 (near support)
4680 (next lower level)
This scenario aligns with the current market structure and trend direction.
🔺 Alternative Scenario (Short-Term Bounce)
If the support zone around 4700 holds strongly, price may move higher temporarily.
A bounce toward the 4765–4785 resistance zone is possible before the next directional move.
This would be considered a retracement, not a confirmed trend reversal.
📌 Key Concepts in This Analysis
Market Structure (Lower Highs / Lower Lows)
Support and Resistance Zones
Pullback Entries in Trending Markets
Scenario-Based Planning
⚠️ This analysis is for educational purposes only and reflects current market structure. Always use proper risk management.
Trade closed: target reached
Primary bearish scenario played out perfectly as expected. Price respected the resistance zone and continued downward, reaching the 4680 target.This move confirms:
Strong bearish market structure 📉
Distribution phase continuation
Clean rejection from supply zone
After the pullback, sellers regained control and pushed price into the key target zone.
⚠️ Next Steps:
If price pulls back again toward 4720–4750, we may see another selling opportunity. However, short-term bounce is still possible from current support.
📊 This analysis is based on price action, structure, and smart money concepts.
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.
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.