XAUUSD continues to slide steadily within a bearish channel; notably, every attempted rebound is suppressed before the price can break out of this structure. The Ichimoku cloud overhead acts as dynamic resistance, suggesting that current buying pressure is merely a short-term reaction rather than a genuine reversal.
The 3,997–4,000 zone serves as the immediate test area. If gold rallies to this level but fails to sustain buying momentum, sellers will likely drive the price toward the channel's lower boundary. The primary target remains 3,897, as marked on the chart.
Entry Focus: Prioritize SELL positions around 3,997–4,000 if a rejection candle appears.
Target: 3,897
Invalidation: The bearish scenario is invalidated if the H1 candle closes above 4,020.
The 3,997–4,000 zone serves as the immediate test area. If gold rallies to this level but fails to sustain buying momentum, sellers will likely drive the price toward the channel's lower boundary. The primary target remains 3,897, as marked on the chart.
Entry Focus: Prioritize SELL positions around 3,997–4,000 if a rejection candle appears.
Target: 3,897
Invalidation: The bearish scenario is invalidated if the H1 candle closes above 4,020.
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LEVEL UP YOUR TRADING
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
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.