Gold remains under bearish pressure on the 4-hour timeframe after a strong rejection from the 4382 resistance zone. Following the failed attempt to sustain higher prices, sellers regained control and pushed the market lower, creating a sequence of lower highs and lower lows.
Price recently tested the 4222 resistance area but was unable to break above it, reinforcing this zone as a key barrier for buyers. The subsequent rejection suggests that bearish momentum remains dominant while price stays below resistance.
In the near term, XAUUSD is consolidating around 4097 after the latest decline. A continuation below the current range could expose the next major support zone near 4025. On the other hand, a recovery above 4222 would be needed to weaken the current bearish structure and signal a potential shift in momentum.
Key Levels 🔹 Resistance 1: 4222
🔹 Resistance 2: 4383
🔹 Support: 4025
Trading Scenario
Bearish bias remains valid while price trades below 4222.
A move toward 4025 could develop if sellers maintain control.
A breakout above 4222 may open the door for a broader recovery toward higher resistance levels.
This analysis is based solely on current price action and chart structure. Markets are dynamic, and traders should wait for confirmation before making trading decisions.
Price recently tested the 4222 resistance area but was unable to break above it, reinforcing this zone as a key barrier for buyers. The subsequent rejection suggests that bearish momentum remains dominant while price stays below resistance.
In the near term, XAUUSD is consolidating around 4097 after the latest decline. A continuation below the current range could expose the next major support zone near 4025. On the other hand, a recovery above 4222 would be needed to weaken the current bearish structure and signal a potential shift in momentum.
Key Levels 🔹 Resistance 1: 4222
🔹 Resistance 2: 4383
🔹 Support: 4025
Trading Scenario
Bearish bias remains valid while price trades below 4222.
A move toward 4025 could develop if sellers maintain control.
A breakout above 4222 may open the door for a broader recovery toward higher resistance levels.
This analysis is based solely on current price action and chart structure. Markets are dynamic, and traders should wait for confirmation before making trading decisions.
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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.
My Free telegram channel where I share Gold signals and updates.
Telegram Channel link: t.me/+a0G46Fqd-uw0NjI8
Telegram Contact: t.me/GoldWave_Trader24 or @GoldWave_Trader24
Telegram Channel link: t.me/+a0G46Fqd-uw0NjI8
Telegram Contact: t.me/GoldWave_Trader24 or @GoldWave_Trader24
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.