XAUUSD Breakout Setup — Bearish Pressure Building (24.04.2026)

Apr 24

XAUUSD 1H Chart Analysis 📉 : XAUUSD
Gold is currently forming a triangle breakout pattern after a strong bearish move. Price is trading near the lower side of the triangle, showing weakness as sellers continue to defend the upper trendline.

Setup Overview :
XAUUSD is respecting a descending trendline from point A, while the lower trendline support from point B is being tested around the current price area. If price breaks and closes below the triangle support, we may see further downside momentum.

The bearish scenario remains valid as long as price stays below the marked resistance area.

Support & Resistance :

Resistance Zone:
Price may face strong rejection around the 4,737 – 4,752 zone. This area also aligns with cloud resistance, making it an important supply zone.

1st Support:
The first downside target is around 4,609.

2nd Support:
If selling pressure continues, the next major support is around 4,556.

A clean bearish breakout below the triangle could open the path toward these support levels. However, if price reclaims the resistance zone, the bearish setup may become invalid.

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Disclaimer ⚠️
This analysis is for educational purposes only and is not financial advice. Always use proper risk management and confirm with your own trading plan before entering any trade.

Apr 24

Trade active

Apr 26

Trade closed manually

Fundamental Analysis :

1. The FedWatch tool is practically maxed out at 99% for a pause this week.

2. Kevin Warsh might take the lead at the Federal Reserve. He's seen as more "dovish" compared to Jerome Powell.

3. There’s optimism about potential Peace talks between Iran and the U.S.

Apr 26

Note