XAU/USD Analysis – Gold Faces Rejection at 3975, Potential for Further Downside
Gold continues to trade under selling pressure after failing to break above the 3975 resistance zone, which has acted as a strong ceiling for price several times in recent sessions. On the H1 timeframe, the market structure remains bearish, forming a sequence of lower highs and lower lows.
After a brief consolidation around 3965–3985, price appears to be creating a distribution range, suggesting potential continuation to the downside once liquidity above this minor range is collected.
Key Technical Zones:
Resistance: 3975 – 3985
Support: 3910 – 3880, with extended targets near 3820
Trading Strategy:
Traders may consider short opportunities near 3975–3980 if the price confirms rejection with bearish engulfing or RSI divergence.
First profit target around 3910, and extended target near 3880.
If gold breaks and holds above 3985, it could invalidate the short bias and trigger a short-term correction toward 4020–4030.
Technical Confluence:
EMA trend slope still points downward
RSI below 50 confirms bearish momentum
Fibonacci retracement 0.618 aligns with resistance zone
Today’s price action may remain range-bound ahead of key U.S. economic data later in the week, but as long as price holds below 3985, the bearish outlook remains intact.
Follow for more daily gold trading insights and strategic updates.
Gold continues to trade under selling pressure after failing to break above the 3975 resistance zone, which has acted as a strong ceiling for price several times in recent sessions. On the H1 timeframe, the market structure remains bearish, forming a sequence of lower highs and lower lows.
After a brief consolidation around 3965–3985, price appears to be creating a distribution range, suggesting potential continuation to the downside once liquidity above this minor range is collected.
Key Technical Zones:
Resistance: 3975 – 3985
Support: 3910 – 3880, with extended targets near 3820
Trading Strategy:
Traders may consider short opportunities near 3975–3980 if the price confirms rejection with bearish engulfing or RSI divergence.
First profit target around 3910, and extended target near 3880.
If gold breaks and holds above 3985, it could invalidate the short bias and trigger a short-term correction toward 4020–4030.
Technical Confluence:
EMA trend slope still points downward
RSI below 50 confirms bearish momentum
Fibonacci retracement 0.618 aligns with resistance zone
Today’s price action may remain range-bound ahead of key U.S. economic data later in the week, but as long as price holds below 3985, the bearish outlook remains intact.
Follow for more daily gold trading insights and strategic updates.
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
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Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
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Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
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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。