Gold (XAUUSD) Intraday Signal: Selling Pressure Below 5,230 Resistance
Analysis
Gold on the 1-hour timeframe recently formed a recovery after establishing a strong low near the 5,020 demand area. Following that liquidity sweep, the market produced a Change of Character (CHoCH) and began a corrective bullish move that pushed price toward the 5,220–5,240 resistance zone.
As price approached this level, bullish momentum weakened. The chart shows a weak high around 5,230, indicating that buyers are struggling to push price higher inside this supply area. This zone aligns with previous institutional selling pressure and acts as a short-term resistance barrier.
Currently, Gold is trading around 5,193, slightly below the resistance zone. The rejection from this level suggests that the recent upward move could be a retracement into liquidity, rather than the start of a sustained bullish trend.
If Gold fails to break above 5,230, sellers may regain control. The first downside target is located near 5,150, which represents the nearest demand area and structural support. A deeper bearish continuation could push price toward 5,080, where the next demand zone is located.
As long as price remains below 5,230, the intraday bias favors bearish continuation.
Trade Setup
Enter: Sell below 5,190
Stop-Loss (SL): 5,245
Target A: 5,150
Target B: 5,080