XAUUSD H1: Weak Rebound, Bigger Risk Below
Gold is still trading under short-term pressure on the H1 chart after failing to reclaim the 4755–4760 sell liquidity zone. The latest White House support for Jerome Powell to remain temporarily in place, if Kevin Warsh is not approved in time, adds another layer of uncertainty around the Fed and may keep rate expectations unstable in the near term.
Fundamental backdrop
This matters for gold because policy uncertainty often delays clear directional conviction. If the market remains unsure about the Fed’s leadership and the path of future rate decisions, gold may continue reacting sharply around key liquidity and technical zones rather than building a clean trend immediately.
Technical structure on H1
The short-term structure remains bearish.
Price is still holding below the 4755–4760 sell liquidity zone, which keeps sellers in control for now. Recent rebounds have been corrective only, with no strong bullish displacement to suggest a meaningful reversal.
The next important support is 4658.786, marked as the key downside pivot on the chart. If this level gives way, gold may extend lower into the broader 4600 sell-side liquidity zone, where a stronger reaction could develop.
On the upside, 4827.788 remains the major OB resistance. As long as price stays below that level, the broader recovery case remains limited.
What order flow is suggesting
Order flow still leans bearish in the short term:
sellers remain active below 4755–4760
rebound strength is still weak
liquidity below 4658.786 remains attractive
deeper support sits around 4600
This keeps gold vulnerable to another leg lower unless buyers can reclaim the nearest resistance zone with stronger momentum.
Trading scenarios
Scenario 1: Rebound into resistance, then downside resumes
If gold rebounds into 4755–4760 but fails to break above it, sellers may continue pressing lower.
Entry: bearish rejection from 4755–4760
SL: above the local high
TP1: 4700
TP2: 4658.786
TP3: 4600
Scenario 2: Breakdown below 4658.786
If price closes decisively below 4658.786, the downside may extend into the 4600 liquidity zone.
Entry: confirmed break below 4658.786
SL: above broken support
TP1: 4625
TP2: 4600
Scenario 3: Sweep 4600, then rebound
If gold trades lower first and sweeps liquidity around 4600, buyers may step in for a corrective rebound.
Entry: bullish confirmation from 4600
SL: below the sweep low
TP1: 4658.786
TP2: 4700
TP3: 4755–4760
Key levels to watch
4755–4760 → sell liquidity resistance
4700 → intraday pivot
4658.786 → key support
4600 → sell-side liquidity / reaction zone
4827.788 → major OB resistance
Conclusion
Gold remains under pressure while trading below the nearest sell zone. The current uncertainty around Fed leadership may keep price reactive, but technically the market still looks vulnerable to a move toward 4658.786 and possibly 4600 if support fails. For now, buyers need a stronger reclaim of resistance to shift the short-term tone.
Gold is still trading under short-term pressure on the H1 chart after failing to reclaim the 4755–4760 sell liquidity zone. The latest White House support for Jerome Powell to remain temporarily in place, if Kevin Warsh is not approved in time, adds another layer of uncertainty around the Fed and may keep rate expectations unstable in the near term.
Fundamental backdrop
This matters for gold because policy uncertainty often delays clear directional conviction. If the market remains unsure about the Fed’s leadership and the path of future rate decisions, gold may continue reacting sharply around key liquidity and technical zones rather than building a clean trend immediately.
Technical structure on H1
The short-term structure remains bearish.
Price is still holding below the 4755–4760 sell liquidity zone, which keeps sellers in control for now. Recent rebounds have been corrective only, with no strong bullish displacement to suggest a meaningful reversal.
The next important support is 4658.786, marked as the key downside pivot on the chart. If this level gives way, gold may extend lower into the broader 4600 sell-side liquidity zone, where a stronger reaction could develop.
On the upside, 4827.788 remains the major OB resistance. As long as price stays below that level, the broader recovery case remains limited.
What order flow is suggesting
Order flow still leans bearish in the short term:
sellers remain active below 4755–4760
rebound strength is still weak
liquidity below 4658.786 remains attractive
deeper support sits around 4600
This keeps gold vulnerable to another leg lower unless buyers can reclaim the nearest resistance zone with stronger momentum.
Trading scenarios
Scenario 1: Rebound into resistance, then downside resumes
If gold rebounds into 4755–4760 but fails to break above it, sellers may continue pressing lower.
Entry: bearish rejection from 4755–4760
SL: above the local high
TP1: 4700
TP2: 4658.786
TP3: 4600
Scenario 2: Breakdown below 4658.786
If price closes decisively below 4658.786, the downside may extend into the 4600 liquidity zone.
Entry: confirmed break below 4658.786
SL: above broken support
TP1: 4625
TP2: 4600
Scenario 3: Sweep 4600, then rebound
If gold trades lower first and sweeps liquidity around 4600, buyers may step in for a corrective rebound.
Entry: bullish confirmation from 4600
SL: below the sweep low
TP1: 4658.786
TP2: 4700
TP3: 4755–4760
Key levels to watch
4755–4760 → sell liquidity resistance
4700 → intraday pivot
4658.786 → key support
4600 → sell-side liquidity / reaction zone
4827.788 → major OB resistance
Conclusion
Gold remains under pressure while trading below the nearest sell zone. The current uncertainty around Fed leadership may keep price reactive, but technically the market still looks vulnerable to a move toward 4658.786 and possibly 4600 if support fails. For now, buyers need a stronger reclaim of resistance to shift the short-term tone.
Pubblicazioni correlate
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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.