Looking at XAUUSD on the 4H chart, one thing stands out clearly: sellers are still respecting the same descending trendline.
Price has tested this trendline several times, and each attempt has been followed by rejection. More importantly, the latest recovery has now reached the 4,390–4,430 resistance zone, where the trendline and previous supply come together.
That makes this area important.
Buyers have managed to recover from the lows, but they still haven’t broken the sequence of lower highs. As long as price stays below this resistance and the descending trendline, the bearish structure remains intact.
If sellers continue to defend this area, I’m watching 4,260 first, followed by the 4,220 area if downside momentum expands.
For now, the chart remains simple: the trendline is still doing its job, and buyers have yet to prove otherwise.
Just sharing my technical view — not financial advice.
Price has tested this trendline several times, and each attempt has been followed by rejection. More importantly, the latest recovery has now reached the 4,390–4,430 resistance zone, where the trendline and previous supply come together.
That makes this area important.
Buyers have managed to recover from the lows, but they still haven’t broken the sequence of lower highs. As long as price stays below this resistance and the descending trendline, the bearish structure remains intact.
If sellers continue to defend this area, I’m watching 4,260 first, followed by the 4,220 area if downside momentum expands.
For now, the chart remains simple: the trendline is still doing its job, and buyers have yet to prove otherwise.
Just sharing my technical view — not financial advice.
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