xauusd trade idea

XAUUSD on the H4 chart remains under strong bearish pressure, but price is now reacting from a major support zone around 4457 – 4494. The descending channel is still valid, however buyers are attempting a short-term recovery after repeated rejection from the lower boundary.

The key resistance levels are:

• 4508
• 4544

A confirmed H4 candle close above 4508 could trigger bullish momentum toward 4544, and if momentum continues, gold may extend toward the upper trendline resistance.

Current structure suggests:

• Short-term: bullish correction
• Overall trend: bearish unless price breaks above the descending channel

Bearish scenario:
If XAUUSD fails to hold above 4494 and breaks below 4457, sellers may regain control and push price toward lower liquidity zones.

Trading idea:

• Buy only after confirmation above 4508
• Sell continuation below 4457

Market remains highly volatile due to USD movement and Fed-related expectations, so risk management is essential. (Arincen)