Gold (XAU/USD) 4H Chart Analysis & Expectation
Current Market Context:
- Price:** **$2,908.55
- **Recent Move:** Sharp **bearish candle** with a long wick to the downside, suggesting a potential **liquidity grab** or stop hunt before a reversal.
- **Market Structure:**
- Overall **uptrend structure** still intact, but this move has created a significant pullback.
- Previous **higher lows** remain key support levels.
Key Observations:**
1. **Strong Bearish Momentum**
- Price has broken previous **minor support zones**, leading to a **liquidity sweep** into lower levels.
- If this move continues, the next significant **support zone** lies around **$2,900 - $2,880**.
2. **Potential for Reversal**
- The long lower wick suggests that buyers have stepped in at the lows, possibly indicating a **reversal from a demand zone**.
- If price holds above **$2,900**, we might see a **bullish retracement** toward **$2,925 - $2,937**.
3. **Next Scenarios to Watch:**
- **Bullish Scenario (High Probability)**
- If price holds above **$2,900**, expect a **bounce toward $2,925 - $2,937** (previous support turned resistance).
- A break above **$2,937** could send price back to the **$2,944 - $2,952** resistance zone.
- **Bearish Scenario (If $2,900 Breaks Cleanly)**
- If the price breaks **below $2,900 and holds**, it could signal further downside toward **$2,880 - $2,860**.
- Increased **bearish momentum** could push gold into a deeper correction.
**Final Expectation:**
- **Short-Term Rebound Likely:** Watch for a reaction from the **$2,900-$2,910 FEZ zone** before looking for bullish confirmation.
- **If a bullish reaction occurs:** Targets are **$2,925 - $2,937** as the first resistance.
- **If breakdown continues:** Watch for **$2,880-$2,860** as the next bearish target.
Current Market Context:
- Price:** **$2,908.55
- **Recent Move:** Sharp **bearish candle** with a long wick to the downside, suggesting a potential **liquidity grab** or stop hunt before a reversal.
- **Market Structure:**
- Overall **uptrend structure** still intact, but this move has created a significant pullback.
- Previous **higher lows** remain key support levels.
Key Observations:**
1. **Strong Bearish Momentum**
- Price has broken previous **minor support zones**, leading to a **liquidity sweep** into lower levels.
- If this move continues, the next significant **support zone** lies around **$2,900 - $2,880**.
2. **Potential for Reversal**
- The long lower wick suggests that buyers have stepped in at the lows, possibly indicating a **reversal from a demand zone**.
- If price holds above **$2,900**, we might see a **bullish retracement** toward **$2,925 - $2,937**.
3. **Next Scenarios to Watch:**
- **Bullish Scenario (High Probability)**
- If price holds above **$2,900**, expect a **bounce toward $2,925 - $2,937** (previous support turned resistance).
- A break above **$2,937** could send price back to the **$2,944 - $2,952** resistance zone.
- **Bearish Scenario (If $2,900 Breaks Cleanly)**
- If the price breaks **below $2,900 and holds**, it could signal further downside toward **$2,880 - $2,860**.
- Increased **bearish momentum** could push gold into a deeper correction.
**Final Expectation:**
- **Short-Term Rebound Likely:** Watch for a reaction from the **$2,900-$2,910 FEZ zone** before looking for bullish confirmation.
- **If a bullish reaction occurs:** Targets are **$2,925 - $2,937** as the first resistance.
- **If breakdown continues:** Watch for **$2,880-$2,860** as the next bearish target.
⚡ Actionable setups.
⚡ Weekly fundamental bias.
⚡ Macro, sentiment, and positioning insights.
🛡️ Follow now and trade with an edge, not noise.
⚡ Weekly fundamental bias.
⚡ Macro, sentiment, and positioning insights.
🛡️ Follow now and trade with an edge, not noise.
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.
⚡ Actionable setups.
⚡ Weekly fundamental bias.
⚡ Macro, sentiment, and positioning insights.
🛡️ Follow now and trade with an edge, not noise.
⚡ Weekly fundamental bias.
⚡ Macro, sentiment, and positioning insights.
🛡️ Follow now and trade with an edge, not noise.
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.