XAUUSD by Lana_M2 — TradingView

XAUUSD D1: Gold faces new selling pressure, but widespread declines still lack comprehensive downward control

Gold is facing renewed selling pressure during the Asian session, but the downside appears to be limited for now. Price is reacting below a key daily resistance area, while the broader structure continues to trade within a correction phase rather than a fully confirmed bearish reversal.

basic background

The overall picture for gold remains mixed.

Rising inflation concerns have supported U.S. Treasury yields, helping the U.S. dollar remain strong and putting pressure on gold in the short term. This explains why new supply appears every time the price is pushed higher.

At the same time, expectations that the Federal Reserve may cut interest rates later are preventing the dollar from becoming too strong. This is important because it prevents downward pressure on gold prices from turning into a one-way sell-off. In other words, gold prices are under pressure but remain supported by expectations of weaker average prices.

D1 technical structure
Overall structure

On the daily chart, XAUUSD remains within a broader correction structure after a strong rebound and sharp pullback from its highs. The current rebound from lower areas has improved short-term sentiment, but prices are still struggling below surface supply and fair value areas.

This tells us that the market is trying to recover, but buyers will still need stronger acceptance above resistance before they can believe in a bigger upside follow-through.

4,700–4,800: Current resolution area

The market is currently trading within the important decision-making area around 4,700-4,800 points.

This area is important because it is located near the middle of the current recovery path. If buyers can continue to hold prices above this area, the rebound remains valid and the market can continue towards higher resistance.

If the price starts to lose this area more significantly, the current recovery may start to weaken.

4,900–5,000: FVG resistor

The key resistance level above is the 4,900–5,000 FVG area.

This is the most important near-term supply area on the chart. Sellers are also likely to remain active unless buyers can break out with stronger momentum. As long as gold prices remain below this area, the recovery still looks corrective rather than impulsive.

4,600: first support

On the downside, 4,600 is the first level to watch if the current decline continues.

This area is important because it is the closest support below the market and can be the first place where buyers will try to stabilize prices again.

4,350–4,400: Deeper support zone

If the market loses its current structure more decisively, the next important support level is around 4,350-4,400 points.

This is the area of ​​the chart where demand is strongest and where buyers will want a clearer response to prevent further extension to the downside.

What does demand flow indicate?

Order flow suggests that sellers remain active below the upper supply zone, but buyers have not yet completely relinquished control of the broader recovery attempt.

So, now:

– Sellers are defending the 4,900-5,000 resistance level
-Buyers are still trying to keep the market above the current recovery
– The structure remains balanced between another push higher and a deeper decline

This keeps gold in a subtle but still tradable structure.

Trading scenario
Scenario 1: The decline is limited and the recovery continues

If gold prices continue to hold above the current resolution area and buyers come out again, prices may retest resistance above FVG.

Entry: Around 4,680–4,720, bullish confirmation
SL: Under 4,600
TP1: 4,850
TP2: 4,900
TP3：5,000

Scenario 2: Reject under FVG, then make deeper corrections

If the price falls below the 4,900-5,000 area again and momentum fades, the market may move lower to find support.

Entry: Approaching resistance, bearish rejection
SL: Above rejection top
TP1：4,700
TP2: 4,600
TP3: 4,350–4,400

Scenario 3: Breaking below the current bottom

If gold loses its current recovery structure and settles significantly below support, the correction could deepen further.

Entry: Below 4,600 if weakness is confirmed
SL: Above breakout support level
TP1: 4,450
TP2: 4,350–4,400

critical levels of monitoring

4,700–4,800 → current resolution area
4,900–5,000 → FVG resistor
4,600 → first support
4,350–4,400 → deeper support zone

in conclusion

Gold is once again facing new supply, but the downward trend still looks contained as the broader recovery structure remains in place. A stronger U.S. dollar and rising yields have added to pressure, but expectations of weakness around the Fed could still help gold avoid a full downside breakout.

Lana’s view: Gold remains in a corrective recovery phase. As long as the price remains above the support level, a retest of the resistance level is possible. But unless buyers can reclaim the 4,900-5,000 area with authority, the rally is likely to continue to face selling pressure.