Gold is still under pressure, but this is exactly where the chart becomes more interesting.
Price is trading below the short-term downtrend line and has not been able to reclaim the 4,086 resistance zone.
That means sellers are still controlling the short-term structure.
But after a strong correction, the best question is not:
“Should I sell now?”
The better question is:
“Where could buyers react next?”
For me, today’s chart has two important downside zones.
The first one is 4,038.
The deeper and more important one is 3,978.
Market structure
Gold is still moving inside a short-term bearish correction.
The descending trendline is pressing price lower.
As long as gold stays below 4,086, the recovery attempt remains weak.
The current price area around 4,055 - 4,065 is not the cleanest place to chase.
It is already between resistance and support.
That is why patience matters here.
Key price zones
Current price area: 4,055 - 4,065
Short-term resistance: 4,086
First buy reaction zone: 4,038
Major support / order buy zone: 3,978
Bearish pressure weakens above: 4,086
Trading plan
📉 If gold stays below 4,086
The correction can continue.
The first area to watch is 4,038.
If this level fails, gold may continue toward 3,978.
I do not want to chase the sell late.
I prefer waiting for price to reach a better reaction zone.
📈 If gold reacts from 4,038
A short-term bounce may appear.
But this is only a reaction setup unless gold can reclaim 4,086.
Without a clear reaction, there is no reason to force a buy.
📈 If gold reaches 3,978
This is the zone I will watch most carefully.
It is a deeper support area and a possible order buy reaction zone.
If buyers defend 3,978 with clear price action, gold may try to build a stronger recovery.
If 3,978 fails, the chart needs more time before the bullish structure can return.
Tiara’s View
Sometimes the cleanest trade is not at the current price.
It is waiting lower, where the market has a real reason to react.
Today, 4,038 is the first test.
But 3,978 is the zone that could decide whether gold is only correcting or starting a deeper breakdown.
Main view:
Gold remains under correction while below 4,086.
I am watching 4,038 first, then 3,978 for the stronger reaction.
Confirmation first.
Trade second.
No confirmation = no trade.
Do you think gold will defend 4,038, or is 3,978 the real trap zone?
Price is trading below the short-term downtrend line and has not been able to reclaim the 4,086 resistance zone.
That means sellers are still controlling the short-term structure.
But after a strong correction, the best question is not:
“Should I sell now?”
The better question is:
“Where could buyers react next?”
For me, today’s chart has two important downside zones.
The first one is 4,038.
The deeper and more important one is 3,978.
Market structure
Gold is still moving inside a short-term bearish correction.
The descending trendline is pressing price lower.
As long as gold stays below 4,086, the recovery attempt remains weak.
The current price area around 4,055 - 4,065 is not the cleanest place to chase.
It is already between resistance and support.
That is why patience matters here.
Key price zones
Current price area: 4,055 - 4,065
Short-term resistance: 4,086
First buy reaction zone: 4,038
Major support / order buy zone: 3,978
Bearish pressure weakens above: 4,086
Trading plan
📉 If gold stays below 4,086
The correction can continue.
The first area to watch is 4,038.
If this level fails, gold may continue toward 3,978.
I do not want to chase the sell late.
I prefer waiting for price to reach a better reaction zone.
📈 If gold reacts from 4,038
A short-term bounce may appear.
But this is only a reaction setup unless gold can reclaim 4,086.
Without a clear reaction, there is no reason to force a buy.
📈 If gold reaches 3,978
This is the zone I will watch most carefully.
It is a deeper support area and a possible order buy reaction zone.
If buyers defend 3,978 with clear price action, gold may try to build a stronger recovery.
If 3,978 fails, the chart needs more time before the bullish structure can return.
Tiara’s View
Sometimes the cleanest trade is not at the current price.
It is waiting lower, where the market has a real reason to react.
Today, 4,038 is the first test.
But 3,978 is the zone that could decide whether gold is only correcting or starting a deeper breakdown.
Main view:
Gold remains under correction while below 4,086.
I am watching 4,038 first, then 3,978 for the stronger reaction.
Confirmation first.
Trade second.
No confirmation = no trade.
Do you think gold will defend 4,038, or is 3,978 the real trap zone?
🌸Tiara PrimeGold·XAUUSD·Price Action made simple
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🕐Daily analysis update real time London & NY session
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t.me/+vy-z8e7swGFiZTU1
🕐Daily analysis update real time London & NY session
t.me/+vy-z8e7swGFiZTU1
🔔Follow to learn one new thing every day
Personal analysis only—not financial advice
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.
🌸Tiara PrimeGold·XAUUSD·Price Action made simple
t.me/+vy-z8e7swGFiZTU1
🕐Daily analysis update real time London & NY session
t.me/+vy-z8e7swGFiZTU1
🔔Follow to learn one new thing every day
Personal analysis only—not financial advice
t.me/+vy-z8e7swGFiZTU1
🕐Daily analysis update real time London & NY session
t.me/+vy-z8e7swGFiZTU1
🔔Follow to learn one new thing every day
Personal analysis only—not financial advice
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.