Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
📊 Gold Pair XAUUSD – Spot Gold Price | Technical Analysis (Hourly)
After experiencing a sharp decline in the early stage, gold is undergoing a technical rebound phase, but a trend reversal has not yet been confirmed. Current conditions suggest the market is in a broader downward trend.
🔎Structure and direction
Price remains below strong resistance, failing to form higher highs.
The 34/89 exponential moving average acts as dynamic resistance.
After hitting the resistance zone, the rebound momentum weakens → the risk of further decline still exists.
🔴Resistance Zone (Sell Zone)
4966-4972
5080 – 5106 (strong supply area/previous breakout)
👈 Prioritize selling when price rebounds into these areas and a price rejection signal appears.
🟢Support Areas (Target/Purchase Response)
4851 – 4849
4706 – 4700 (strong support)
👉If it falls below 4.85, the price may continue to fall to 4.70.
🧠 Main scene
Preferred Scenario: Bounce to resistance → reject → continue downtrend
A reversal is not recommended unless the price breaks the 5.10 level and stabilizes above it.
📌Summary
The current trend remains “sell up” until gold prices clearly break above the overhead resistance area. Traders should wait patiently until the price reaches the right level and avoid rushing into buying during short-term rallies.
