XAUUSD is trading around 4,017 after breaking below the rising trendline support. The short-term structure has shifted back into bearish pressure, and price is now moving below the broken support area.
The priority view remains sell with the current bearish structure, especially if gold retests the 4,040–4,045 zone and fails to recover above it.
Technical View
Gold has broken below the rising trendline that previously supported the recovery structure. This is an important bearish signal because the buyers failed to defend the trendline, and the market is now trading under the broken structure.
After the breakdown, price dropped sharply and is now consolidating around the 4,001–4,006 buy order zone. This area may create a short-term reaction, but the overall structure still favors sellers while price stays below the broken trendline and Fibonacci resistance.
The 4,040–4,045 area is the key sell zone on the chart. This zone is important because it was previous support, now turning into resistance, and it also aligns with the Fibonacci reaction area. If gold retests this zone and rejects, it may confirm the next lower high before another bearish leg.
The 4,001–4,006 area is the nearest support. If price breaks below this zone, selling pressure may continue toward the expected price range around 3,945–3,955, which aligns with the deeper Fibonacci 2.618 extension.
The main idea is simple: as long as gold stays below 4,040–4,045, the recovery remains weak, and the downside path remains active.
Key Zones
Current price: 4,017
Sell zone: 4,040–4,045
Broken trendline resistance: 4,040–4,060
Nearest support: 4,001–4,006
Fibonacci 1.618 reaction: around 4,017
Expected price range: 3,945–3,955
Fibonacci 2.618 target: 3,945–3,955
Invalidation: above 4,065
Trading Plan
Sell Priority: 4,040–4,045
Condition: wait for bearish rejection, failed recovery above the broken trendline, or price staying below the Fibonacci resistance zone.
SL: above 4,065
TP1: 4,001–4,006
TP2: 3,970–3,980
TP3: 3,945–3,955
Alternative Scenario
If gold breaks below 4,001 directly, wait for a retest of this area as resistance before looking for sell continuation toward 3,970 and the expected Fibonacci range around 3,945–3,955.
Buy View
Buy is not the priority while price remains below the broken trendline and below the 4,040–4,045 sell zone. A short-term buy reaction may appear around 4,001–4,006, but it should only be treated as a scalp unless gold breaks back above 4,065.
Final View
Overall, gold is back under bearish pressure after breaking the rising trendline. The cleaner plan is to wait for a retest of 4,040–4,045 and watch for rejection. As long as this zone holds as resistance, the downside target toward 4,001, 3,970, and 3,945 remains in focus.
Will gold reject from the broken trendline zone, or break below 4,001 directly toward the Fibonacci 2.618 range?
Trading Gold the structured way — liquidity, order blocks, Ichimoku confluence
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Analysis, not advice. Trade your own plan.
New idea every session. Follow + tap into the community → t.me/+uQLpyLGJXqNhOGJl
Analysis, not advice. Trade your own plan.
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.
Trading Gold the structured way — liquidity, order blocks, Ichimoku confluence
New idea every session. Follow + tap into the community → t.me/+uQLpyLGJXqNhOGJl
Analysis, not advice. Trade your own plan.
New idea every session. Follow + tap into the community → t.me/+uQLpyLGJXqNhOGJl
Analysis, not advice. Trade your own plan.
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.