AstronautPioneer

1. Current Price Structure Gold has formed a strong bullish wave (rallying from the 3,680 zone to nearly 3,790). Afterwards, a sharp decline occurred → creating a new high but quickly rejected. At present, the price is consolidating sideways within a narrow support–resistance zone around 3,740 – 3,755. 2. Key Support – Resistance Levels Near-term resistance: 3,755 – 3,760 (recent minor high). Near-term support: 3,735 – 3,740 (area repeatedly tested). Stronger support: 3,695 – 3,705 (potential retracement target with liquidity and previous accumulation zone). 3. Price Scenarios Scenario 1 (primary): Price breaks below the current support → drops to retest the 3,695 – 3,705 zone → then bounces back up. This is a potential “demand zone” where buyers may return. Scenario 2 (less likely): Price holds the 3,740 support and rallies immediately → however, current buying pressure seems insufficient to sustain this move. 4. Trading Implications The 3,695 – 3,705 zone is a potential buy area if bullish reversal candlestick patterns appear. If price clearly breaks below 3,695, the short-term trend could turn bearish with a target toward 3,660. In the short term, the market is still in a corrective phase after the previous bullish rally → not ideal to “chase buys” around 3,740. 👉 In summary: The chart suggests the price is more likely to dip toward the 3,700 demand zone before bouncing back up. The 3,740 zone is only a temporary buffer, not strong enough for a major reversal.

1. Market Structure Price previously made a higher high, but then reversed downward. Currently, the resistance zone (supply) around 3,750 – 3,760 has been tested multiple times but failed to break → showing strong selling pressure there. The support zone (demand) around 3,715 – 3,725 is the next potential target. 2. Price Pattern The chart suggests an M/W formation or a double top variation, with repeated rejection at the blue resistance zone. The blue arrows you drew indicate the expectation that price will: Continue dropping from the 3,750 resistance zone. Retest the 3,720 support zone. If 3,720 breaks, the next target is 3,700. 3. Technical Signals Strong volume appeared during the previous drop from 3,780 → confirming sellers are in control. Each retracement to retest supply is weaker, with lower highs → a sign of distribution. If another strong bearish candle (e.g., bearish engulfing) forms, the probability of reaching 3,700 is high. 4. Trade Scenarios Bearish scenario (main bias): Entry: around 3,745 – 3,750 (sell limit or after bearish confirmation). TP1: 3,720. TP2: 3,700. SL: above 3,760 resistance zone. Alternative bullish scenario (less likely): If price breaks above 3,760 and closes strongly on H1/H4, upside targets are 3,780 – 3,800. 👉 In summary: This chart leans strongly toward a bearish outlook, targeting 3,720 first, and potentially 3,700.

1. Overall Picture After a strong bullish rally, price formed a double top → distribution phase signal. The 3,740 zone is currently acting as a liquidity zone (area holding buy-side stop-losses from bottom pickers). 2. Order Block (OB) Before the strong bullish move, there was a Bullish Order Block around 3,740 – 3,750. Now price is retesting this OB → if it breaks, the bearish momentum will likely be confirmed. 3. Break of Structure (BOS) & Change of Character (ChoCh) At the 3,790 high, the structure showed a ChoCh (shift from bullish → bearish). If price breaks below the 3,740 zone → it will form a clear bearish BOS, confirming a medium-term downtrend. 4. Liquidity Hunt The 3,740 support is packed with buy stop-loss orders. A sharp break below this level could trigger a liquidity hunt, allowing “big players” to accumulate around 3,690 – 3,700 before a potential rebound. 5. SMC Scenarios Bearish scenario (primary): Price breaks the 3,740 OB → bearish BOS → liquidity target at 3,690. Bullish scenario (less likely): If price reacts strongly at the 3,740 OB with a bullish engulfing candle → price could retest the supply zone near 3,770 – 3,780 before resuming its decline. 👉 In summary: Under SMC, the downside target at 3,690 – 3,700 is the main scenario, after which we should watch if “big players” push the market back up to continue the broader uptrend.

1. Price Structure Previous trend: strong uptrend (from the 20th to the 23rd). After reaching the ~3,790 peak: the market formed two lower highs → a sign of weakness. The price is now retesting the key support zone around 3,740 – 3,750 (blue box). 2. Technical Pattern This looks like a Double Top / variant of Head & Shoulders, signaling a bearish reversal. The blue box area is the neckline – if broken, the pattern completes and the downtrend scenario has high probability. 3. Price Scenarios If the 3,740 support breaks decisively: Price may drop quickly towards 3,700 – 3,710 (nearest support). Further down, it could retest the 3,670 – 3,680 area, as shown by your blue arrow. If the 3,740 support holds: Price could bounce back, forming a sideways consolidation before the next move. However, the probability of a strong recovery is lower, as buying momentum has weakened. 4. Market Sentiment Retail traders: likely to panic-sell once support breaks, triggering stop-loss cascades. Big players / institutions: may take advantage around 3,700 to accumulate again after “stop-loss hunting” retailers. 👉 Conclusion: This is a short-term bearish scenario. For existing long positions, consider taking profit / protecting capital if support breaks. For dip buyers, it’s safer to wait for a positive reaction around 3,700 – 3,680.

1. Technical Structure Recent trend: Gold has been moving upward but is gradually forming higher highs with narrowing momentum. Resistance line: The upper red trendline indicates a dynamic resistance zone where price has been repeatedly rejected. Support zone: The lower red box (around 3,685 – 3,695) is acting as a demand zone, where price has bounced multiple times. 2. Current Pattern The chart shows a Rising Wedge pattern: price is climbing with converging highs and lows, which is often a bearish reversal signal. After touching the upper trendline, the blue arrow indicates the potential for a downward correction. The downside target could be a retest of the support zone (red box). 3. Market Psychology Buyers (bulls) are pushing price higher but momentum is weakening at resistance. Sellers (bears) may take advantage of the higher price levels near the trendline to enter short positions. The market may create a liquidity grab at the highs before reversing downward. 4. Trade Scenarios (for reference) Scenario 1 (primary): If price touches the upper trendline and shows reversal signals (e.g., pin bar, bearish engulfing), a Sell position can be considered with the target near the red support zone. Scenario 2: If gold breaks strongly above the trendline, the bullish trend may continue, with the next observation zone around 3,740 – 3,750. 👉 This is purely a technical analysis. You should also combine it with macroeconomic factors (Fed policy, USD Index, bond yields) to increase reliability before making a trading decision.

Technical Structure Main trend: Still within an upward channel but approaching the upper trendline resistance. Key levels: Resistance: around 3,720 – 3,730 (red trendline). Support: around 3,640 – 3,650 (highlighted red box). Scenario The blue line illustrates a bullish move testing the upper trendline, followed by an expected drop back to the 3,640 – 3,650 support zone. This reflects a market maker’s “range play”: pushing price up to attract retail BUY orders, then driving it down to accumulate at cheaper levels. Market Psychology Retail traders: Often jump into BUY positions when they see a short-term breakout, but they risk getting “trapped” when the market maker distributes at resistance. Big players / market makers: Likely to use the resistance zone for distribution, then push price down toward support to reload long positions at a discount. Trading Strategy (for reference) Short-term SELL: If price hits the 3,720 – 3,730 resistance zone and shows reversal signals (e.g., pinbar, bearish engulfing). Take Profit target: 3,640 – 3,650 (red support box). Stop Loss: Above 3,740. Safer BUY: Only consider if price reacts strongly bullish at the 3,640 – 3,650 support zone. 👉 In summary: The chart suggests a scenario of testing the upper resistance, then retracing to support. For short-term traders (T+ style), the better play is to look for SELL setups at resistance and BUY setups at support. Would you like me to also outline an alternative scenario in case price breaks and sustains above 3,730

1. Current Trend Price is moving inside a down channel, marked by the two blue trendlines. Each time price touches the upper edge of the channel, it gets rejected and turns lower, showing sellers are in control. Key resistance zone: around 3,645 – 3,655 (red box), which has been tested multiple times but failed to hold. 2. Key Levels Short-term resistance: 3,650 – 3,655. Unless a breakout occurs, the bearish momentum remains dominant. Support target: 3,590 – 3,600 (blue box below). This is a previous low and a strong demand zone. 3. Price Scenarios Main scenario (preferred): Price continues moving inside the down channel → breaks below 3,640 → gradually drops toward 3,600 – 3,590. Alternative scenario: If there’s a strong breakout above 3,655 with a solid H1 close, the short-term trend may reverse upward, targeting 3,670 – 3,680. 4. Trading View With the current trend: bias remains Sell within the down channel, with stop-loss above 3,660. Take-profit near 3,610 first, and extended target around 3,590.

1. Key Supply & Demand Zones Supply zone (resistance): around 3,680 – 3,700 (blue box). This is a level where price was rejected multiple times, showing strong selling pressure. Near-term demand (support): around 3,630 – 3,640 (thin red box just below the current price). Deeper support: around 3,590 – 3,600 (lower red box), where price previously bounced strongly. 2. Possible Scenarios Bullish scenario (solid blue arrow): If price holds the 3,630 – 3,640 support → it may rebound and retest the resistance at 3,670 – 3,690. A strong breakout above 3,700 would confirm continuation to the upside. Bearish scenario (dotted blue arrow): If price breaks below 3,630 → it could fall toward 3,590 – 3,600. This is a stronger demand zone where new buying pressure may appear. 3. Trading Notes On H1, the main trend is still sideways – ranging between 3,590 and 3,700. Short-term setups could be: Buy around 3,630 – 3,640 (SL below 3,625, TP 3,670 – 3,690). Sell around 3,680 – 3,690 (SL above 3,705, TP back to 3,640). For clear breakouts (high volume, strong candles): Above 3,700 → bullish bias. Below 3,590 → bearish bias.

1. Technical pattern The gold chart (XAU/USD, H1 frame) is showing a Double Top pattern (2 peaks) - this is a classic bearish reversal pattern. After creating 2 peaks around the 3,700 area, the price has turned down to the support area. 2. Important areas Short-term resistance: around 3,695 - 3,705 (old peak). Nearby support: 3,670 - 3,675 area (blue box). This is the neckline of the Double Top pattern. Next strong support: 3,630 - 3,640 area (red box). This is the area where the price has maintained the previous uptrend. 3. Price scenario If the price maintains the blue box (does not break the neckline) → it can bounce back to test the 3,695 - 3,705 area. If the price breaks through the green box with strong volume → confirms the completion of the Double Top pattern, it is likely to fall to the red box 3,630 - 3,640. The short-term trend is leaning towards bearish (down) due to the appearance of a reversal pattern. 4. Trading suggestions Sell when the price clearly breaks through 3,670 - 3,675. Take profit around 3,630 - 3,640. Stop loss above the nearest peak 3,705 to limit risk. 👉 Summary: This chart is leaning towards a bearish scenario. Neckline 3,670 - 3,675 is the key to confirm the Double Top pattern.

1. Technical Pattern The market is forming a Double Top pattern around the 3,700 level. After breaking the neckline (previous support, now turned resistance, marked in blue), the price is retesting this area. This confirms a potential bearish continuation. 2. Support & Resistance Key Resistance: 3,690 – 3,705 (neckline area after the breakdown). Near-term Support: 3,670 (current retest zone). Major Support: 3,615 – 3,625 (red zone below, aligning with previous lows and accumulation area). 3. Price Scenarios If the price fails to break above 3,690 – 3,705, there is a high probability of dropping toward 3,620 – 3,625. On the other hand, if the price closes above 3,705 on H1/H4, the bearish setup fails, and the market could resume its bullish trend. 4. Trading Implication This is a SELL setup following the short-term bearish trend, with entry around 3,685 – 3,695. Target: 3,620 – 3,625. Stop Loss: above 3,710 (to avoid a false breakout).