New Update of XAUUSD 4h Time Frame

há 3 dias

This chart is a technical analysis of Gold (XAU/USD) on a 4-hour timeframe from OANDA, illustrating price action within a key structure. Here’s an advanced breakdown:

Market Context & Trend Analysis:

Prior Bullish Trend: The price action in February followed a well-defined ascending channel, indicating a strong bullish trend.

Breakout & Consolidation: The price eventually broke out of the channel, shifting into a consolidation phase between a resistance zone and a support zone.


Key Technical Levels:

1. Resistance Zone (~$2,930 - $2,950): This is a supply zone where sellers have repeatedly entered, preventing price continuation above.


2. Support Zone (~$2,870 - $2,890): This is a demand zone where buyers have stepped in, preventing further downside movement.



Price Action & Market Structure:

The market is currently ranging between these levels, forming a horizontal consolidation.

The rejection from resistance suggests a liquidity grab or absorption of buy orders by stronger sellers.

Multiple rejections indicate buyer exhaustion and potential distribution.


Future Projections (Bearish Bias):

The black arrows indicate a potential bearish scenario where price might attempt a final liquidity sweep before breaking down.

A breakdown of the support zone would confirm a market structure shift (MSS) to bearish.

Possible retest of support as new resistance (SR flip) before continuation downward.


Confluences Supporting Bearish Continuation:

Momentum Weakness: Failure to sustain higher highs after the initial uptrend.

Liquidity Engineering: Price accumulation below resistance hints at a possible stop hunt before a strong move.

Fundamental Factors: Potential USD strength from upcoming economic data (marked by U.S. flag news icons).


Final Thoughts:

A decisive close below the support zone with volume will confirm bearish continuation.

If price reclaims resistance, the bearish scenario is invalidated, and buyers might attempt a breakout.

há 17 minutos

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