GOLD is showing continued bearish pressure on the 1H timeframe, with price repeatedly failing to sustain moves above key resistance zones. The market is forming lower highs while remaining below the descending trendline, indicating that sellers are still controlling the short-term structure.
Technically Price recently rejected the 4,380–4,400 resistance area and moved back toward the 4,320 support zone. A sustained break below this area could open the way for further downside toward 4,280, followed by the major 4,250–4,245 target zone.
The bearish setup remains valid while Gold stays below the 4,400–4,420 resistance region. A strong breakout and close above this zone would weaken the bearish structure and could trigger a recovery.
overall short-term bias remains BEARISH below 4,400–4,420. Sellers appear to be targeting the lower liquidity zones, while a confirmed breakdown below 4,320 could accelerate the downside move.
Technically Price recently rejected the 4,380–4,400 resistance area and moved back toward the 4,320 support zone. A sustained break below this area could open the way for further downside toward 4,280, followed by the major 4,250–4,245 target zone.
The bearish setup remains valid while Gold stays below the 4,400–4,420 resistance region. A strong breakout and close above this zone would weaken the bearish structure and could trigger a recovery.
overall short-term bias remains BEARISH below 4,400–4,420. Sellers appear to be targeting the lower liquidity zones, while a confirmed breakdown below 4,320 could accelerate the downside move.
Trade closed: target reached
Join me, I'll guide you to Profitable TRADING 💵
( Don't copy, click on the link ) ..
✅Telegram channel:
t.me/+KACKRUbWuQoyMmZk
✅ Suggest News Channel
t.me/Forexliveupdates1
( Don't copy, click on the link ) ..
✅Telegram channel:
t.me/+KACKRUbWuQoyMmZk
✅ Suggest News Channel
t.me/Forexliveupdates1
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.
Join me, I'll guide you to Profitable TRADING 💵
( Don't copy, click on the link ) ..
✅Telegram channel:
t.me/+KACKRUbWuQoyMmZk
✅ Suggest News Channel
t.me/Forexliveupdates1
( Don't copy, click on the link ) ..
✅Telegram channel:
t.me/+KACKRUbWuQoyMmZk
✅ Suggest News Channel
t.me/Forexliveupdates1
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.
