Hello traders! Here’s my technical outlook based on the current XAUUSD (1H) chart structure. Gold previously traded within a range, showing consolidation before reaching a pivot point at the top of the structure. From there, price reversed sharply and entered a descending channel.
Currently, XAUUSD is trading below the 4,580 supply zone, which acts as resistance, while approaching the 4,510 demand zone. Multiple rejections and breakouts inside the channel highlight strong selling pressure and continuation of the downtrend.
As long as XAUUSD remains below the 4,580 resistance and respects the descending channel, the bearish scenario remains valid. A rejection from this area could push price toward the 4,490 support (TP1). Manage your risk!
Currently, XAUUSD is trading below the 4,580 supply zone, which acts as resistance, while approaching the 4,510 demand zone. Multiple rejections and breakouts inside the channel highlight strong selling pressure and continuation of the downtrend.
As long as XAUUSD remains below the 4,580 resistance and respects the descending channel, the bearish scenario remains valid. A rejection from this area could push price toward the 4,490 support (TP1). Manage your risk!
매매 수동청산
The market has been shaken by the latest news. The price of gold also received an impulsive upward movement, confidently breaking through the descending channel.🔶 Free telegram channel👉 t.me/heniitrading
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
🔶 Free telegram channel👉 t.me/heniitrading
🔥 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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
