Gold Tests Critical Support as Descending Trendline Pressure Persists
Gold prices are testing a crucial support zone between 3,850 and 3,900 after a failed bullish recovery attempt, maintaining a broader bearish market structure.
🧠AI AnalysisPhoto: tradingview.com
Key points
- XAUUSD maintains a bearish structure with lower highs and lower lows.
- Price has returned to test the critical 3,850 to 3,900 support zone.
- A failed recovery toward 4,130 demonstrates strong active seller resistance.
Gold trading under the XAUUSD pair remains under consistent downward pressure, continuing a pattern of lower highs and lower lows beneath a well-defined descending trendline. A recent upward push from the 3,880 support level managed to reach 4,130 before encountering heavy selling resistance, highlighting the dominant presence of market sellers near descending resistance barriers.
Support Zone Under Examination
Currently, the metal has retreated to a pivotal support region spanning 3,850 to 3,900, a zone that previously attracted buyer interest. Market participants are closely monitoring this area to see if buyers can successfully defend the price floor and initiate a bullish reversal.
- Current Range: Testing support between 3,850 and 3,900.
- Upside Resistance: Previous recovery capped near the 4,130 level.
- Major Liquidity Pool: The 4,480 to 4,500 region remains a key target if bullish momentum returns.
A failure to hold the current support zone could result in a deeper downside correction, reinforcing the prevailing bearish trend. Conversely, a confirmed bullish reaction and market structure shift might clear the path toward higher resistance levels and upper liquidity zones.
Source tradingview.com — tradingview.com/chart/XAUUSD/fTy09JMZ-XAUUSD-Bearish-Trendline-Crit… ↗
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