XAUUSD Short: Pressure Below Key Supply Zone - 4,470 Next Target
Hello traders! Here’s my technical outlook based on the current XAUUSD (2H) chart structure. XAUUSD previously traded inside a descending channel before forming a major pivot point near the 4,470 demand zone. After that reversal, price entered an ascending channel and attempted to recover bullish momentum.
Currently, XAUUSD is trading below the 4,560 supply zone while forming a lower high structure under the descending supply line. Recent breakout attempts near resistance failed to hold, confirming that sellers remain active.
As long as XAUUSD remains below the 4,560 resistance zone and continues to respect the descending supply line, the bearish scenario remains valid. A continuation lower could push price toward the 4,470 demand zone (TP1). Manage your risk!
Currently, XAUUSD is trading below the 4,560 supply zone while forming a lower high structure under the descending supply line. Recent breakout attempts near resistance failed to hold, confirming that sellers remain active.
As long as XAUUSD remains below the 4,560 resistance zone and continues to respect the descending supply line, the bearish scenario remains valid. A continuation lower could push price toward the 4,470 demand zone (TP1). Manage your risk!
Zlecenie aktywne
We can see that the structure we identified has broken down, indicating a potential decline to our target. Let's take a look!Anulowano zlecenie
We see that gold has broken through our triangle upwards, which contradicts my vision. Therefore, the scenario is canceled!
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🔥 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
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.