Hello traders! Here’s my technical outlook based on the current XAUUSD (3H) chart structure. Price initially advanced within a well-defined ascending channel, where buyers maintained strong control and the market consistently printed higher highs and higher lows. This bullish phase was supported by clean respect of channel boundaries, with each pullback finding demand along the rising support line. Momentum accelerated into a breakout above prior resistance, forming a local pivot high before a sharp reversal unfolded. Following that peak, gold experienced an aggressive selloff, breaking below short-term structure and creating a major pivot low. The decline was impulsive and reflected strong distribution from the upper supply region. After this capitulation move, price stabilized and transitioned into a broad horizontal range, signaling temporary equilibrium between buyers and sellers. This consolidation phase showed reduced volatility and accumulation behavior inside clearly defined boundaries.
Currently, the range resolved to the upside with a confirmed breakout, aligning with the formation of a rising demand trend line. Buyers regained short-term control, pushing price back toward the overhead supply zone near 5,260. The market is now trading between a descending supply line and the ascending demand line, creating a tightening compression structure. A recent breakout attempt above the supply boundary was quickly rejected, indicating that sellers are still defending this resistance area.
My primary scenario remains cautiously bearish-to-neutral while price holds below the descending supply line and the 5,260 resistance zone. Continued rejection from this area could trigger a pullback toward the 5,100 demand zone, which aligns with the rising trend support and acts as the key structural level. A breakdown below this demand area would weaken the recovery structure and open the door for a deeper correction. However, if buyers manage to secure a confirmed breakout and acceptance above the supply zone, this would signal renewed bullish momentum and increase the probability of continuation toward higher liquidity levels. For now, gold remains in a compression phase between supply and demand, where patience and confirmation are essential. Manage your risk!
Currently, the range resolved to the upside with a confirmed breakout, aligning with the formation of a rising demand trend line. Buyers regained short-term control, pushing price back toward the overhead supply zone near 5,260. The market is now trading between a descending supply line and the ascending demand line, creating a tightening compression structure. A recent breakout attempt above the supply boundary was quickly rejected, indicating that sellers are still defending this resistance area.
My primary scenario remains cautiously bearish-to-neutral while price holds below the descending supply line and the 5,260 resistance zone. Continued rejection from this area could trigger a pullback toward the 5,100 demand zone, which aligns with the rising trend support and acts as the key structural level. A breakdown below this demand area would weaken the recovery structure and open the door for a deeper correction. However, if buyers manage to secure a confirmed breakout and acceptance above the supply zone, this would signal renewed bullish momentum and increase the probability of continuation toward higher liquidity levels. For now, gold remains in a compression phase between supply and demand, where patience and confirmation are essential. Manage your risk!
Trade chiuso: obiettivo raggiunto
As expected, the price of gold fell to a key support level, the target was reached. The analysis worked perfectly.
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🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
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.