MARKET BRIEFING – GOLD (XAU/USD) | 1D
Market Structure:
Gold remains in a rising structure, respecting the ascending trendline. However, price is now approaching a major resistance zone, where selling pressure has previously stepped in aggressively.
Key Levels to Watch:
– Resistance Zone: 4,380 – 4,420
– Intermediate Support: 4,225 / 4,136
– Major Support Zone: 3,900 – 3,950
Price Action Read:
– As long as price holds above the rising trendline, bulls still have control.
– A final push into resistance is possible, but momentum is weakening near the highs.
– Failure to break and hold above resistance could trigger a sharp pullback toward the 4,000 handle and deeper into the support zone.
Bias:
➡️ Short-term: Cautious bullish into resistance
➡️ Medium-term: Watch for rejection → corrective move likely
Trader Focus:
This is decision time — either a clean breakout with acceptance above resistance, or a liquidity sweep followed by a downside rotation. Patience > prediction
Market Structure:
Gold remains in a rising structure, respecting the ascending trendline. However, price is now approaching a major resistance zone, where selling pressure has previously stepped in aggressively.
Key Levels to Watch:
– Resistance Zone: 4,380 – 4,420
– Intermediate Support: 4,225 / 4,136
– Major Support Zone: 3,900 – 3,950
Price Action Read:
– As long as price holds above the rising trendline, bulls still have control.
– A final push into resistance is possible, but momentum is weakening near the highs.
– Failure to break and hold above resistance could trigger a sharp pullback toward the 4,000 handle and deeper into the support zone.
Bias:
➡️ Short-term: Cautious bullish into resistance
➡️ Medium-term: Watch for rejection → corrective move likely
Trader Focus:
This is decision time — either a clean breakout with acceptance above resistance, or a liquidity sweep followed by a downside rotation. Patience > prediction
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.