XAUUSD is currently trading in a clearly defined bearish trend, as each recovery attempt has been repeatedly rejected at the descending trendline and overhead resistance zone. The current price structure suggests the market is not ready for a true reversal, but is instead forming technical pullbacks within a dominant downtrend.
From a fundamental perspective, the US dollar remains strong amid expectations that the Fed will maintain a cautious stance on interest rates, with no convincing signals of an early easing cycle. This increases the opportunity cost of holding gold and continues to place downward pressure on prices in the short term. At the same time, temporarily easing geopolitical tensions have reduced the urgency for safe-haven demand, making gold’s rebounds less sustainable.
On the chart, price is reacting strongly around the 4,960 – 4,982 zone, which aligns with horizontal resistance and the edge of the Ichimoku cloud. The repeated rejection from this area clearly indicates that sellers remain in control of the trend. As long as price stays below this resistance zone, any upward move should be viewed only as a selling opportunity in line with the primary bearish trend.
The preferred short-term scenario remains “rally to sell”. If price fails to hold above 4,982 and shows signs of weakness, XAUUSD is likely to revisit recent lows, with the potential for a deeper extension toward the 4,360 target zone.
From a fundamental perspective, the US dollar remains strong amid expectations that the Fed will maintain a cautious stance on interest rates, with no convincing signals of an early easing cycle. This increases the opportunity cost of holding gold and continues to place downward pressure on prices in the short term. At the same time, temporarily easing geopolitical tensions have reduced the urgency for safe-haven demand, making gold’s rebounds less sustainable.
On the chart, price is reacting strongly around the 4,960 – 4,982 zone, which aligns with horizontal resistance and the edge of the Ichimoku cloud. The repeated rejection from this area clearly indicates that sellers remain in control of the trend. As long as price stays below this resistance zone, any upward move should be viewed only as a selling opportunity in line with the primary bearish trend.
The preferred short-term scenario remains “rally to sell”. If price fails to hold above 4,982 and shows signs of weakness, XAUUSD is likely to revisit recent lows, with the potential for a deeper extension toward the 4,360 target zone.
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Free trading plans to follow
Real-time market insights
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.