XAUUSD Short Gold vs US Dollar $XAUUSD H1 — Sell the Retest of Daily Pivot 4366.5
Gold is trading around 4,355, pushing into the upper half of the descending H1 channel. The market is two-speed right now: - Larger frames remain bearish: H1 RSI 45.7 with deeply negative MACD, M30 MACD negative, price below the daily pivot (4,366.56) and the H1 200-MA (4,366.33). - Smaller frames are pumping: M5-M15 RSI 57-59, M15 CCI at 120, M30 Stochastic at 84 - short-term overbought. Expect the first ticks to drift up toward 4,357-4,360. That bounce is a selling opportunity, not a buying one. No market orders - the setup is conditional. Key levels (as marked on the chart) - Resistance: 4,357 (H1 Bollinger mid) -> 4,366-4,367 (daily pivot + H1 200-MA, double confluence) -> 4,410-4,415 (channel top) - Support: 4,347 (intraday floor) -> 4,320-4,314 (channel bottom) -> 4,297