The 2-hour XAU/USD chart shows a strong bullish impulse followed by a sharp corrective decline from the recent swing high. Price has rejected the upper resistance zone around 4,133–4,145, where multiple sell signals appeared, triggering profit-taking and a healthy retracement. Despite this decline, the broader market structure remains constructive as long as the key support area continues to hold.
Market Structure
Gold recently established a higher high before encountering strong resistance near 4,145. The rejection pushed price back toward the previous breakout region around 4,000–4,010, which now acts as a critical demand zone. This area also aligns with previous consolidation and may provide a base for renewed buying interest.
Key Technical Levels
Major Resistance: 4,133 – 4,145
Bullish Target: 4,158 – 4,160
Primary Support: 4,001 – 4,010
Bearish Invalidation: Sustained close below 4,000
Price Action & Momentum
The recent selloff appears corrective rather than trend-changing. Price has retraced toward a significant support level after failing to maintain momentum above resistance. If buyers defend the 4,001 support zone, a bullish reversal could develop, supported by improving trend structure and potential momentum recovery.
The projected path suggests an initial consolidation near support, followed by a rebound toward the previous highs. A confirmed break above 4,145 would strengthen bullish momentum and open the door to the next upside objective near 4,158.
Bullish Scenario
Price holds above 4,001–4,010.
Bullish candlestick confirmation appears near support.
Break above 4,133–4,145 confirms renewed buying pressure.
Upside target extends toward 4,158 and potentially higher.
Bearish Scenario
If support around 4,001 fails decisively with strong bearish volume, the current bullish outlook would weaken, exposing the market to a deeper correction toward lower demand zones.
Trading Outlook
The overall bias remains cautiously bullish while price trades above the 4,001 support. Rather than chasing the recent decline, traders may look for confirmation of buyer strength around support before targeting a recovery toward 4,158. A clean breakdown below support would invalidate this bullish setup and shift short-term sentiment in favor
Market Structure
Gold recently established a higher high before encountering strong resistance near 4,145. The rejection pushed price back toward the previous breakout region around 4,000–4,010, which now acts as a critical demand zone. This area also aligns with previous consolidation and may provide a base for renewed buying interest.
Key Technical Levels
Major Resistance: 4,133 – 4,145
Bullish Target: 4,158 – 4,160
Primary Support: 4,001 – 4,010
Bearish Invalidation: Sustained close below 4,000
Price Action & Momentum
The recent selloff appears corrective rather than trend-changing. Price has retraced toward a significant support level after failing to maintain momentum above resistance. If buyers defend the 4,001 support zone, a bullish reversal could develop, supported by improving trend structure and potential momentum recovery.
The projected path suggests an initial consolidation near support, followed by a rebound toward the previous highs. A confirmed break above 4,145 would strengthen bullish momentum and open the door to the next upside objective near 4,158.
Bullish Scenario
Price holds above 4,001–4,010.
Bullish candlestick confirmation appears near support.
Break above 4,133–4,145 confirms renewed buying pressure.
Upside target extends toward 4,158 and potentially higher.
Bearish Scenario
If support around 4,001 fails decisively with strong bearish volume, the current bullish outlook would weaken, exposing the market to a deeper correction toward lower demand zones.
Trading Outlook
The overall bias remains cautiously bullish while price trades above the 4,001 support. Rather than chasing the recent decline, traders may look for confirmation of buyer strength around support before targeting a recovery toward 4,158. A clean breakdown below support would invalidate this bullish setup and shift short-term sentiment in favor
Trade attivo
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join my telegram channel free:
t.me/rajisnijpan_giajo
t.me/rajisnijpan_giajo
Declinazione di responsabilità
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.