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XAUUSD (H2) – Bearish outlook for Liam
The structure is broken and selling pressure remains widespread
quick summary
Gold has entered a decidedly bearish phase after failing to hold key support levels. The strong pullback broke the previous bullish structure, and the recent rally showed signs of weakness rather than accumulation.
At this point, the market is no longer in a buy-on-the-dip environment. The first priority is to sell the highs, not catch the lows.
market structure
The previous upward trend was decisively offset by a sharp downward impulse.
The price is currently below the previous support level, which has turned into resistance.
Recent recovery attempts lack continuity and are corrective in nature.
This keeps the broader intraday to short-term trend lower.
Main technical areas
Main sales area: 5100 – 5110
What was previously support becomes resistance. This area favors a selling reaction if the price retests.
Secondary selling zone/liquidity zone: 4860 – 4900
A corrective bounce in this area is expected to attract sellers again.
Nearby support levels: 4690 – 4700
If selling pressure resumes, weak support areas may come under pressure.
Deeper downside targets:
4400 – 4450, or 4120 if downside momentum expands.
Trading Plan (Liam Method: Sales Structure)
Key Scenario – Sell on Rally
As long as the price remains below 5100, any bounce should be considered a correction. Selling reactions are preferred in resistance and liquidity areas, aiming to further extend the downward trend.
Secondary Scenario – Continued Collapse
Failure to hold 4690 – 4700 points would confirm the continuation of the downtrend and open the way to deeper value areas.
Cancel
Only a strong retracement and acceptance of returns above 5100 – 5150 will force a re-evaluation of the downtrend.
Main points
Volatility remains high after the crash.
Avoid buying a building too early.
Let the price reach the resistance level and then execute the trade.
First is direction and structure, second is opinion.
Current focus time:
Sell on rallies while the structure remains bearish.
No bottom fishing.
