XAUUSD is hovering around 4,030 after rebounding to the immediate resistance zone and being capped by the bearish trendline. This is a critical area, as the price has touched resistance while simultaneously sitting near the upper boundary of the short-term bearish structure.
Given that the news environment remains unfavorable for gold—with a strong USD, a hawkish Fed, and insufficient safe-haven demand—the current rebound is more likely a retest than a reversal signal.
My preferred scenario is to SELL while the price remains below 4,041.8. If buying pressure fails to break this level, XAUUSD is likely to turn lower toward the support zone around 3,944.9.
Entry Focus: SELL around 4,035–4,041 if a rejection candle appears.
Target: 3,944.9
Invalidation: An H1 candle close above 4,055 would undermine the bearish scenario.
Given that the news environment remains unfavorable for gold—with a strong USD, a hawkish Fed, and insufficient safe-haven demand—the current rebound is more likely a retest than a reversal signal.
My preferred scenario is to SELL while the price remains below 4,041.8. If buying pressure fails to break this level, XAUUSD is likely to turn lower toward the support zone around 3,944.9.
Entry Focus: SELL around 4,035–4,041 if a rejection candle appears.
Target: 3,944.9
Invalidation: An H1 candle close above 4,055 would undermine the bearish scenario.
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LEVEL UP YOUR TRADING
👉t.me/+NBWGUpNcAxsyYjRl
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
👉t.me/+NBWGUpNcAxsyYjRl
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
Pubblicazioni correlate
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.