🔻 📊 Technical Structure (4H)
✅ 5-wave bearish impulse completed
✅ ABC correction likely completed
✅ Supply zone: 3,371–3,376
📌 Downside Targets
First: 3,302.47
Final: 3,221.78
🔻 Invalidation Zone
Above: 3,376.03 (Break above invalidates short scenario)
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📈 Market Outlook
Macro Context: Gold faces pressure amid rising real yields and stronger dollar flows.
Technical Context: Price trapped within a long-term descending wedge; corrective rally meets resistance.
Risk Appetite: Risk-on tone limits safe-haven demand in short term.
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⚠️ Risks to Watch
Breakout above 3,376 may trigger bullish breakout
Dovish Fed tone could reverse short-term USD strength
Geopolitical tension reviving gold demand
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🧭 Summary: Bearish Structure in Play
XAU/USD has completed a textbook ABC retracement and now sits inside a key shorting zone. A rejection here opens space for significant downside toward 3,221. Traders should watch closely for bearish confirmation before committing to positions, with stops tightly placed above 3,376.
✅ 5-wave bearish impulse completed
✅ ABC correction likely completed
✅ Supply zone: 3,371–3,376
📌 Downside Targets
First: 3,302.47
Final: 3,221.78
🔻 Invalidation Zone
Above: 3,376.03 (Break above invalidates short scenario)
---
📈 Market Outlook
Macro Context: Gold faces pressure amid rising real yields and stronger dollar flows.
Technical Context: Price trapped within a long-term descending wedge; corrective rally meets resistance.
Risk Appetite: Risk-on tone limits safe-haven demand in short term.
---
⚠️ Risks to Watch
Breakout above 3,376 may trigger bullish breakout
Dovish Fed tone could reverse short-term USD strength
Geopolitical tension reviving gold demand
---
🧭 Summary: Bearish Structure in Play
XAU/USD has completed a textbook ABC retracement and now sits inside a key shorting zone. A rejection here opens space for significant downside toward 3,221. Traders should watch closely for bearish confirmation before committing to positions, with stops tightly placed above 3,376.
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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.