On the M30 timeframe, XAUUSD (Gold), after several weeks of aggressive bullish movement that led to prices printing new All-Time Highs almost daily, has now clearly entered a bearish reversal phase. Following the massive sell-off a few days ago of approximately 8%, price attempted a recovery toward the 5451 area. However, this rebound failed to sustain momentum and was followed by an extended bearish continuation. Gold is currently trading around 4827, hovering near a descending diagonal resistance, while overall market volatility remains extremely high.
Technically, the bearish structure is becoming increasingly well-defined. Price action continues to trade below the descending trendline and remains capped beneath the mid-Bollinger Band, indicating persistent selling pressure. MACD (12,26,9) has stayed deeply in negative territory for an extended period, with the histogram maintaining strong bearish momentum, confirming that sellers are still in control. Meanwhile, Bulls Power (13) is printing around -11.33, reflecting weak buying interest and the lack of meaningful bullish participation during recent pullbacks.
Momentum remains decisively bearish despite occasional corrective rebounds. The failure to reclaim the 5451 area suggests that the previous bullish trend has structurally ended, at least in the short-to-medium term. While oversold conditions may trigger brief technical rebounds, the overall outlook remains fragile as long as price stays below key resistance zones. Volatility is expected to remain elevated, particularly during major economic announcements and shifts in USD sentiment.
Market Observation & Strategy Advice
1. Current Position: XAUUSD is trading around 4827, consolidating near a descending diagonal resistance.
2. Resistance Zone: Nearest resistance is located around 5101, followed by a stronger supply zone near 5451.
3. Support Zone: Immediate support lies at 4681, with downside risk extending if this level fails.
4. Indicator Observation: MACD (12,26,9) remains firmly negative, while Bulls Power (13) at -11.33 confirms weak bullish momentum. The recent trend reversal coincides with slight USD strengthening and heightened sensitivity to macroeconomic news.
5. Trading Strategy Suggestions:
- Trend-Following Bias: Favor short setups on pullbacks toward resistance while price remains below key supply zones.
- Counter-Trend Caution: Bullish trades should be treated as short-term corrective moves only, with tight risk control.
- News-Aware Execution: Avoid overexposure during high-impact economic releases, as volatility spikes remain likely.
Market Performance:
Precious Metals Last Price % Change
XPTUSD 2,002.32 −6.91%
XAGUSD 81.8293 −3.94%
Today’s Key Economic Calendar:
JP: BoJ Summary of Opinions
CN: RD Manufacturing PMI
RU: S&P Global Manufacturing PMI
UK: Nationwide Housing Prices MoM & YoY
DE: Retail Sales MoM & YoY
CA: S&P Global Manufacturing PMI
US: ISM Manufacturing Employment & PMI
Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.
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