XAUUSD 4H — BEARS STILL IN CONTROL? for OANDA:XAUUSD by Liquidity_wolf
Reported by in.tradingview.com, not nibnow. We are not the publisher of this story, only the source is.
Gold’s slide toward 3,993 signals strong bearish pressure that could impact investors and currencies tied to the metal, so traders need to gauge the risk of further declines.
Gold prices have experienced a significant downward trend, falling from the 4,360 level to approximately 3,993. Technical analysis of the four-hour chart indicates a persistent bearish structure characterized by a series of lower highs and lower lows. Market participants currently view sellers as dominant, particularly while the asset remains below previously established resistance levels. Although the recent decline has been substantial, analysts caution against aggressively entering short positions near current support areas due to the extended nature of the move. Key resistance is identified in the 4,020 to 4,040 range, where traders may look for potential price rejection or retesting activity in the coming sessions.
XAUUSD is the ticker for gold priced in U.S. dollars; a lower‑high, lower‑low pattern on a 4‑hour chart indicates sellers are in control, a common technical signal of a downtrend.
- •Watch whether price tests the 4,020‑4,040 resistance zone for a possible rebound
- •Watch if support around 3,993 holds or breaks lower
- •Watch for any change in momentum that could reverse the bearish structure