Gold Spot / U.S. Dollar
Long
Updated

XAU/USD 1H CHART PATTERN

100
This chart is a technical analysis setup for Gold (XAU/USD) on the 1-hour timeframe. Here's a breakdown of what it's showing:


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Key Elements:

Instrument: Gold Spot / U.S. Dollar (XAU/USD)

Timeframe: 1-hour

Date/Time: July 14, 2025

Current Price: ~3,367.205 USD



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Trade Setup (Sell Position):

Entry Point: 3,367.965

Target: 3,329.466

Target Zone (Support): ~3,329.028


This suggests the trader expects a short-term price rejection at resistance, with the price falling from the entry zone down to the target zone.


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Technical Interpretation:

Resistance Zone: Between ~3,367.965 and 3,375.840 — the price is currently testing this area, which previously acted as resistance.

Support Zone: Around 3,329.028 — the expected target area, possibly a previous consolidation or reaction zone.

Bearish Reversal Anticipation: The structure implies the trader anticipates price will fail to break above resistance and instead reverse downward.



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Potential Risk Factors:

Price is still within a bullish trend from July 8–14.

A clean breakout above 3,375.840 would invalidate this bearish setup.



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TARGET DONE

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