Gold (XAU/USD) 4-Hour Chart Analysis
1. The chart shows an uptrend with a clearly drawn trendline acting as dynamic support.
2. Price has consistently bounced from this trendline, confirming its reliability.
3. Recently, price has **broken below the trendline**, indicating a potential trend reversal or correction.
4. A retest of the trendline as resistance is observed, which is crucial for confirming a further downtrend.
5. There is a spike in volume during the breakdown, which suggests strong selling pressure.
6. The failure to reclaim the trendline indicates possible continuation of the bearish move.
Conclusion
Trendline breakdown suggests a bearish bias.
Look for short opportunities unless price reclaims the trendline.
Use stop-loss management to protect against false breakouts.
Monitor volume and price action near key levels ($2,910, $2,930, and $2,880)
2. Price has consistently bounced from this trendline, confirming its reliability.
3. Recently, price has **broken below the trendline**, indicating a potential trend reversal or correction.
4. A retest of the trendline as resistance is observed, which is crucial for confirming a further downtrend.
5. There is a spike in volume during the breakdown, which suggests strong selling pressure.
6. The failure to reclaim the trendline indicates possible continuation of the bearish move.
Conclusion
Trendline breakdown suggests a bearish bias.
Look for short opportunities unless price reclaims the trendline.
Use stop-loss management to protect against false breakouts.
Monitor volume and price action near key levels ($2,910, $2,930, and $2,880)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.