XAUUSD: Breaking below 4,000; sellers paving the way to 3,822
XAUUSD is trading around 3,968, positioned entirely below the Ichimoku cloud and remaining locked in a clear bearish structure. Notably, the price has not only lost the psychological 4,000 level but continues to be pressured below the downtrend line extending from previous highs.
The 4,020 area now serves as the immediate resistance. Should gold stage a pullback to this zone but fail to break through, it could mark a point where sellers regain control. Given the current structure, the next downside target on the chart is 3,822, situated within a lower support zone.
Entry Focus: Prioritize SELL positions if the price retraces to the 4,000–4,020 range and a rejection candle appears.
Target: 3,822
Invalidation: The bearish scenario weakens if the H4 timeframe closes decisively above 4,035.
The 4,020 area now serves as the immediate resistance. Should gold stage a pullback to this zone but fail to break through, it could mark a point where sellers regain control. Given the current structure, the next downside target on the chart is 3,822, situated within a lower support zone.
Entry Focus: Prioritize SELL positions if the price retraces to the 4,000–4,020 range and a rejection candle appears.
Target: 3,822
Invalidation: The bearish scenario weakens if the H4 timeframe closes decisively above 4,035.
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Free trading plans to follow
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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.
LEVEL UP YOUR TRADING
👉t.me/+NBWGUpNcAxsyYjRl
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
👉t.me/+NBWGUpNcAxsyYjRl
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
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.