Technical Analysis Forecast for XAUUSDOpen Price: 3365 (UTC+4)
1. Candlestick Analysis
4H/1H: Current price (3365) near resistance zone (3370–3380). Recent candles show shooting stars and bearish engulfing patterns, indicating exhaustion.
30M/15M: Doji formations at 3365 suggest indecision. A close below 3360 would confirm bearish momentum.
5M: Short-term hammer candles at 3355–3360 hint at minor support, but lack follow-through.
Outlook: Bearish reversal likely if 3360 breaks.
2. Harmonic Patterns
4H/1H: Bearish Bat Pattern completing near 3365 (D-point).
PRZ (Potential Reversal Zone): 3365–3370.
Fibonacci Confluence: 88.6% retracement (AB=CD) + 161.8% BC extension.
30M: Bullish Gartley forming at 3350, but secondary to larger bearish setup.
Outlook: High-probability short entry at 3365–3370 with target 3340.
3. Elliott Wave Theory
4H: Wave 5 of an impulse cycle peaking at 3365.
Structure: Completed 5-wave sequence from 3300 → 3365.
Corrective Phase: Expect ABC pullback to 3320–3340 (Wave A target: 3340).
1H: Sub-wave (v) of 5 ending at 3365. Divergence in RSI/MACD confirms weakness.
Outlook: Bearish correction to 3320–3340 over 24 hours.
4. Wyckoff Theory
Phase: Distribution (after markup from 3300 → 3365).
Signs: High volume at 3365 (supply), upthrust above 3370 failed.
Schematic: Phase C (markdown) beginning.
1H/30M: Spring at 3355 failed to hold, indicating weak demand.
Outlook: Break below 3350 triggers markdown to 3320.
5. W.D. Gann Theory
Time Theory
24H Cycle: Key time windows:
UTC+4: 08:00–10:00 (resistance test), 14:00–16:00 (trend reversal).
Square of 9: 3365 aligns with 90° angle from 3300 (resistance).
Square of 9
3365 → Resistance Angles:
0° (3370), 90° (3385), 180° (3400).
Support: 45° (3350), 315° (3335).
Price Forecast: Next reversal at 3370 (0° angle).
Angle Theory
4H Chart: 1x1 Gann Angle (45°) from 3300 low at 3330. Price above angle = bullish, but overextended.
1H Chart: 2x1 Angle (63.75°) at 3365 acting as resistance.
Squaring of Price & Time
Price Range: 3300 → 3365 (65 points).
Time Squaring: 65 hours from 3300 low → 3370 resistance (65 points = 65 hours).
Harmony: 3365 = Time Cycle Peak (24H from open).
Ranges in Harmony
Primary Range: 3300–3400 (100 points).
50% Retracement: 3350 (support).
61.8% Retracement: 3340 (critical support).
Secondary Range: 3320–3380 (60 points).
Key Levels: 3350 (50%), 3340 (61.8%).
Price & Time Forecasting
Price Targets:
Short-Term: 3340 (61.8% of 3300–3365).
Extension: 3320 (100% of prior correction).
Time Targets:
First Reversal: 8–12 hours from open (UTC+4 16:00–20:00).
Second Reversal: 20–24 hours (UTC+4 04:00–08:00 next day).
Synthesized 24H Forecast
Bearish Scenario (High Probability)
Trigger: Break below 3360 (confirmed by 1H/30M close).
Targets:
T1: 3340 (61.8% Fib, Gann 45° angle).
T2: 3320 (Wyckoff markdown, Elliott Wave A).
Timeline:
8–12H: Drop to 3340 (UTC+4 16:00–20:00).
20–24H: Test 3320 (UTC+4 04:00–08:00 next day).
Confirmation: RSI <50 on 1H, volume spike on breakdown.
Bullish Scenario (Low Probability)
Trigger: Sustained close above 3370 (Gann 0° angle).
Targets: 3385 (90° angle), 3400 (180° angle).
Timeline: 12–16 hours (if 3370 breaks).
Entry: Short at 3365–3370 (stop-loss above 3380).
Targets: 3340 (T1), 3320 (T2).
Risk-Reward: 1:3 (15-point risk, 45-point reward).
Confirmation: 1H close below 3360 + volume >20% average.
Intraday Alerts:
5M/15M: Bearish engulfing below 3360 → accelerate short.
30M: RSI divergence below 3365 → validate weakness.
Final Outlook: Bearish correction to 3320–3340 favored. Monitor 3370 resistance for invalidation. Use 4H/1H close for direction confirmation.
