🟡XAUUSD 4H Analysis –
Technical View:
Gold has tapped into a strong resistance zone near $3,305–$3,327, aligning with the top of the rising channel. A bearish structure is anticipated, with potential targets at $3,183, $3,100, and $3,004.
Key Levels:
Resistance: $3,305–$3,327
Support: $3,183 → $3,100 → $3,004
Fundamental Insight:
Gold's recent rally was driven by safe-haven demand and rate cut expectations. However, upcoming US data (April 17–18) may trigger a correction if the USD strengthens or geopolitical risks ease.
Outlook:
Short-term bearish bias from resistance zone, watching for structure breaks and market sentiment shifts.
Technical View:
Gold has tapped into a strong resistance zone near $3,305–$3,327, aligning with the top of the rising channel. A bearish structure is anticipated, with potential targets at $3,183, $3,100, and $3,004.
Key Levels:
Resistance: $3,305–$3,327
Support: $3,183 → $3,100 → $3,004
Fundamental Insight:
Gold's recent rally was driven by safe-haven demand and rate cut expectations. However, upcoming US data (April 17–18) may trigger a correction if the USD strengthens or geopolitical risks ease.
Outlook:
Short-term bearish bias from resistance zone, watching for structure breaks and market sentiment shifts.
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.
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.