XAUUSD Daily Technical Analysis: Gold Remains Under Bearish Pressure Near Key Support
XAUUSD shows a series of lower highs and lower lows, indicating that sellers remain in control of the broader trend.
XAUUSD shows a series of lower highs and lower lows, indicating that sellers remain in control of the broader trend.
Gold (XAUUSD) has approached the 3,982.915 area, potentially sweeping liquidity below previous weekly and daily lows. If bullish market structure develops, price could recover toward the 4H point of interest at 4,090.840, followed by the previous-day high near 4,193.235. Confirmation and risk management remain essential.
USDJPY remains bearish within a descending channel, with price approaching a key resistance zone between 158.20 and 159.60. A confirmed rejection could lead to a move toward 155.93, followed by the potential downside target at 151.94. A sustained breakout above resistance could weaken the bearish outlook.
The chart highlights a potential bullish trading setup following a liquidity sweep below the previous day's low.
Price has generally moved lower between these boundaries, creating a bearish structure.
Price has been moving between these boundaries, indicating that selling pressure remains present.