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.
4,040–3,953: A broader support region formed around previous price action and trendline structure.
The attached chart shows Gold Futures on the daily timeframe. The chart illustrates a major upward move, followed by a correction and a period of consolidation around the current price region.
Gold XAU/USD 1-hour chart showing buy limit projection, fair value gap, Fibonacci levels and resistance zones.
Gold (XAU/USD) trades as a currency pair against the US Dollar and is widely regarded as a safe-haven asset, tending to rise during market volatility, economic uncertainty, and periods of currency devaluation. As a yield-less asset, it's sensitive to interest rates and the strength of the US Dollar, with central banks.