Analysis Overview:
On the 4H timeframe, Gold (XAUUSD) is showing clear bearish intent after breaking below a long-term weekly trendline approximately two weeks ago. This trendline had been acting as dynamic support for months, and its break signals a potential shift in structure.
Key Observations:
Weekly Trendline Broken: Price decisively closed below the major weekly bullish trendline, suggesting a possible trend shift or deeper retracement.
4H Market Structure Shift: Price is forming lower highs and lower lows, respecting a descending channel.
Fair Value Gap (FVG): Price recently tapped into a 4H FVG and showed rejection, suggesting a continuation to the downside.
Old Support (Now Resistance): 3225–3250 zone is acting as a resistance area where previous support flipped.
Projected Target Zone: Price may continue its bearish momentum down toward 3106–3080, aligning with the weekly demand zone and retest area of the long trendline from below.
Bearish Confluence:
Trendline Break (HTF)
Bearish Market Structure on 4H
FVG Reaction
Resistance Flip Zone
Liquidity Below 3100
Conclusion: As long as price remains below 3250, bearish bias remains intact. I’ll be watching for reaction around 3100–3080 for a potential bounce or reversal.
Do your own analysis before entering any trade. Not financial advice.
#xauusd #gold #forex #goldanalysis #xauusdanalysis
On the 4H timeframe, Gold (XAUUSD) is showing clear bearish intent after breaking below a long-term weekly trendline approximately two weeks ago. This trendline had been acting as dynamic support for months, and its break signals a potential shift in structure.
Key Observations:
Weekly Trendline Broken: Price decisively closed below the major weekly bullish trendline, suggesting a possible trend shift or deeper retracement.
4H Market Structure Shift: Price is forming lower highs and lower lows, respecting a descending channel.
Fair Value Gap (FVG): Price recently tapped into a 4H FVG and showed rejection, suggesting a continuation to the downside.
Old Support (Now Resistance): 3225–3250 zone is acting as a resistance area where previous support flipped.
Projected Target Zone: Price may continue its bearish momentum down toward 3106–3080, aligning with the weekly demand zone and retest area of the long trendline from below.
Bearish Confluence:
Trendline Break (HTF)
Bearish Market Structure on 4H
FVG Reaction
Resistance Flip Zone
Liquidity Below 3100
Conclusion: As long as price remains below 3250, bearish bias remains intact. I’ll be watching for reaction around 3100–3080 for a potential bounce or reversal.
Do your own analysis before entering any trade. Not financial advice.
#xauusd #gold #forex #goldanalysis #xauusdanalysis
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.