XAUUSD: Weak Structure Under Trendline, Downside Likely To 4,570
Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
Gold is in a bearish structure under a descending trend line after breaking down from a range.
Price reacted from 4,570 support (fake breakout) and is now moving up in a short-term ascending structure.
Currently, price is approaching the 4,720 resistance zone, which aligns with the descending trend line and acts as a key supply area. The structure shows compression between rising support and overhead resistance.
My Scenario & Strategy
As long as price remains below the 4,720 resistance and respects the descending trend line, the bearish bias stays valid. A rejection from this area could push price back toward the 4,570 support (TP1) as the next downside target.
However, if price breaks and holds above 4,720, the bearish scenario would weaken and the market could shift into a broader recovery.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
Gold is in a bearish structure under a descending trend line after breaking down from a range.
Price reacted from 4,570 support (fake breakout) and is now moving up in a short-term ascending structure.
Currently, price is approaching the 4,720 resistance zone, which aligns with the descending trend line and acts as a key supply area. The structure shows compression between rising support and overhead resistance.
My Scenario & Strategy
As long as price remains below the 4,720 resistance and respects the descending trend line, the bearish bias stays valid. A rejection from this area could push price back toward the 4,570 support (TP1) as the next downside target.
However, if price breaks and holds above 4,720, the bearish scenario would weaken and the market could shift into a broader recovery.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
İşlem aktif
The price is currently consolidating ahead of an upcoming move!Not
We see a moment of consolidation that will decide the future direction of movement. So we wait.Emir iptal
The triangle broke up so our scenario is canceled!
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ t.me/ratner_1
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.