XAU/USD Intraday Signal: Sell in Bearish Structure
Analysis
Gold (XAU/USD) is clearly in a bearish market structure, with consistent lower highs and lower lows across the chart. The recent upward movements are corrective in nature and fail to break previous supply zones, indicating that buyers lack strength and momentum.
The latest price action shows a weak bullish retracement followed by consolidation, which often precedes another bearish leg. Price is currently trading below key resistance (~4620–4650 area), and as long as this zone holds, the probability favors continuation to the downside toward liquidity resting below recent lows.
Trade Setup
Entry: Sell below 4600 or on pullback to 4620
Stop-Loss (SL): 4660
Target 1: 4550
Target 2: 4500