XAUUSD TRADE IDEA

Market Structure: 🔻 Bearish

The H4 chart shows a clear sequence of lower highs and lower lows, indicating that sellers remain in control.

Key Levels

• Resistance 1: 4268
• Resistance 2: 4370
• Major Resistance: 4546
• Current Support: 4152
• Major Support: 4058

Price Action

• Price recently rejected the 4268 resistance zone and dropped sharply.
• The market is currently testing the 4152 support area.
• A break below 4152 could open the way toward 4058 support.
• Buyers need a strong recovery above 4268 to regain short-term bullish momentum.

Trading Scenarios

Bearish Setup (Preferred)

• Sell below 4152
• Targets: 4100 → 4058
• Stop Loss: Above 4268

Bullish Setup

• Buy only after a confirmed H4 close above 4268
• Targets: 4370 → 4546
• Stop Loss: Below 4152

Conclusion

The overall H4 trend remains bearish. As long as price stays below 4268, sellers have the advantage. Watch 4152 closely—its breakdown would favor further downside toward 4058.