📊 Technical Structure
XAUUSD Gold has broken below the ascending trendline and is now trading below the previous support zone (~4593), which is turning into resistance.
The recent move shows:
Lower high formed at resistance
Strong bearish momentum candles
Loss of bullish structure
This is a bearish continuation, not a dip-buy.
🎯 Trade Setup (Sell on Pullback / Breakdown)
Entry: 4593 – 4601 (retest of broken support)
Stop Loss: 4603
Take Profit 1: 4569
Take Profit 2: 4561
Risk–Reward Ratio: ~1:3.26
📌 Invalidation:
If price reclaims and holds above 4603, bearish structure fails and downside is invalid.
🌐 Macro Background
Gold is under pressure as inflation concerns keep central banks hawkish, supporting the USD. Rising oil prices and Middle East tensions are reinforcing inflation expectations, reducing demand for non-yielding assets like gold (source: FXStreet).
🔑 Key Technical Levels
Resistance: 4593 – 4601
Support: 4569 / 4561
Invalidation: 4603
📌 Trade Summary
Trendline break + support turned resistance → bearish continuation bias.
Best approach: sell the pullback, not chase the low.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.
XAUUSD Gold has broken below the ascending trendline and is now trading below the previous support zone (~4593), which is turning into resistance.The recent move shows:
Lower high formed at resistance
Strong bearish momentum candles
Loss of bullish structure
This is a bearish continuation, not a dip-buy.
🎯 Trade Setup (Sell on Pullback / Breakdown)
Entry: 4593 – 4601 (retest of broken support)
Stop Loss: 4603
Take Profit 1: 4569
Take Profit 2: 4561
Risk–Reward Ratio: ~1:3.26
📌 Invalidation:
If price reclaims and holds above 4603, bearish structure fails and downside is invalid.
🌐 Macro Background
Gold is under pressure as inflation concerns keep central banks hawkish, supporting the USD. Rising oil prices and Middle East tensions are reinforcing inflation expectations, reducing demand for non-yielding assets like gold (source: FXStreet).
🔑 Key Technical Levels
Resistance: 4593 – 4601
Support: 4569 / 4561
Invalidation: 4603
📌 Trade Summary
Trendline break + support turned resistance → bearish continuation bias.
Best approach: sell the pullback, not chase the low.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
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.
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
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.