XAUUSD is currently showing a mixed structure after reacting from the lower support zone around 4,250–4,280. Price recovered strongly from this area and moved back toward the 4,380 region.
The chart highlights two important zones:
Upper zone: around 4,400–4,420, acting as a major resistance area.
Lower zone: around 4,250–4,280, acting as an important support area.
Recent price action near 4,360–4,380 is showing hesitation after the recovery.
The recent LH structure suggests that the market is still facing pressure below the upper resistance zone.
The projected path on the chart shows a possible move toward the lower zone if price continues to remain below the recent swing area.
For structure confirmation, I would watch how price reacts around 4,380 and whether the lower support zone remains protected.
Key levels:
Resistance: 4,380 → 4,400–4,420
Support: 4,250–4,280
Intermediate area: 4,320–4,360
This chart is a technical observation based on price structure and marked zones.
The chart highlights two important zones:
Upper zone: around 4,400–4,420, acting as a major resistance area.
Lower zone: around 4,250–4,280, acting as an important support area.
Recent price action near 4,360–4,380 is showing hesitation after the recovery.
The recent LH structure suggests that the market is still facing pressure below the upper resistance zone.
The projected path on the chart shows a possible move toward the lower zone if price continues to remain below the recent swing area.
For structure confirmation, I would watch how price reacts around 4,380 and whether the lower support zone remains protected.
Key levels:
Resistance: 4,380 → 4,400–4,420
Support: 4,250–4,280
Intermediate area: 4,320–4,360
This chart is a technical observation based on price structure and marked zones.
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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.
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.