After moving within a broad consolidation range several times, XAUUSD is returning to test the important support area around 4,040–4,045. What stands out is that each time price reaches this zone, buying pressure has absorbed the selling relatively well, allowing the market to rebound quickly instead of extending the decline.
This price action suggests that buyers have not given up their position. Although selling pressure continues to emerge from the upper part of the range, buyers are still successfully defending the base, keeping the current sideways structure intact.
If the support zone continues to hold, I expect XAUUSD to develop another recovery toward the 4,100 resistance area. This remains the key level where sellers have repeatedly pressured price. On the other hand, the advantage will only shift clearly back toward sellers if price closes decisively below the current support zone.
This is only my personal view based on technical analysis. Wishing you successful trading!
This price action suggests that buyers have not given up their position. Although selling pressure continues to emerge from the upper part of the range, buyers are still successfully defending the base, keeping the current sideways structure intact.
If the support zone continues to hold, I expect XAUUSD to develop another recovery toward the 4,100 resistance area. This remains the key level where sellers have repeatedly pressured price. On the other hand, the advantage will only shift clearly back toward sellers if price closes decisively below the current support zone.
This is only my personal view based on technical analysis. Wishing you successful trading!
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関連の投稿
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これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。