Selling pressure - gold heading towards 4000

Mar 23

🔺Related Information: (XAU/USD)

Over the weekend, US President Donald Trump warned that Washington would “wipe out” Iran’s power facilities—starting with the largest—if Tehran fails to reopen the Strait of Hormuz within 48 hours. In response, Iran threatened retaliation, stating it would strike all energy assets linked to the US across the Middle East should its power infrastructure come under attack. In a statement released on Sunday, Iran’s Revolutionary Guards declared that the Strait of Hormuz would be fully shut down if such threats are carried out, adding that companies with US ownership stakes would be entirely destroyed.
At the same time, citing two informed sources, the Jerusalem Post reported early Monday that the United States is preparing for a potential ground operation aimed at taking control of Iran’s Kharg Island.

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📌 Chart analysis:

🔗 Short-term timeframes: M15, M45, H1
short frame - all consensus bearish
M15 creates BOS around 4334 selling pressure
H1 creates BOS around 4352. , maintaining the downtrend
far away from the AVERAGE EMA line, recovering slightly

🔗 Medium-term timeframes: H2, H4
H4 structure is very clearly reduced: 4574, 4350
stays below the EMA

Key zones:
🔗 Supply zone (resistance): 4350
🔗 Demand zone (support): 4100
🔗 Three EMA moving averages; technical indicators: stochastic, volume

Setup signal: 🔗 SELL XAU 4350 – 4355 stop loss: 4360

Take profit: 4320 – 4270 – 4219

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✏️ Personal opinion:

Market panic, downtrend. Selling pressure maintained at the beginning of the week. Investors prioritize the dollar amid the current Middle East context

Mar 23

Trade active

Gold is consolidating and moving within the 4400–4500 range.