XAUUSD: Rejection at 4,830 - Pullback Toward 4,630 Possible

Apr 13

Hello everyone, here is my breakdown of the current XAUUSD setup.

Market Analysis

Gold previously traded inside a downward channel, forming lower highs and confirming bearish pressure. After a breakout, price found strong support near the support zone and started forming a recovery structure. Following this, XAUUSD moved into an ascending channel, creating higher lows and signaling bullish momentum.

Currently, price is holding above the 4,630 support zone but facing resistance near the 4,830 supply zone, where a fake breakout occurred, indicating selling pressure.

My Scenario & Strategy

As long as XAUUSD holds above the 4,630 support and respects the structure, a bullish continuation remains possible. However, failure to break above 4,830 resistance suggests potential downside. A rejection from resistance could push price back toward the 4,630 support (TP1) as the next target.

However, if price breaks and holds above 4,830, the bullish scenario would strengthen and continuation higher could follow.

That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.

Apr 14

Trade active

Gold continues its consolidation phase. So we are still waiting for the market reaction!

Apr 15

Trade closed manually

Now the price has tested resistance again and a pullback to support is quite possible. However, the support itself is already moving a little higher, so we need to analyze again!