๐ XAUUSDT Analysis (H1)
Gold remains in a short-term consolidation phase after being rejected from the upper supply zone. Bullish momentum has weakened, and price is now testing a key balance area.
๐น Resistance: 4,080 โ 4,108 (R2 / FVG). As long as price remains below this zone, sellers are likely to stay in control.
๐น Key Support: 4,032 (Pivot). A break below this level could expose 3,978 (S2), with the next downside target near the Negative GEX zone at 3,956.
๐น Max Pain: 4,054 remains the current equilibrium level and may continue to attract price action before the next directional move develops.
Bias: Short-term outlook remains neutral to bearish while trading below 4,080โ4,108. A confirmed breakout above this resistance would shift momentum back in favor of the bulls. ๐ก
#XAU #tapedelta
Gold remains in a short-term consolidation phase after being rejected from the upper supply zone. Bullish momentum has weakened, and price is now testing a key balance area.
๐น Resistance: 4,080 โ 4,108 (R2 / FVG). As long as price remains below this zone, sellers are likely to stay in control.
๐น Key Support: 4,032 (Pivot). A break below this level could expose 3,978 (S2), with the next downside target near the Negative GEX zone at 3,956.
๐น Max Pain: 4,054 remains the current equilibrium level and may continue to attract price action before the next directional move develops.
Bias: Short-term outlook remains neutral to bearish while trading below 4,080โ4,108. A confirmed breakout above this resistance would shift momentum back in favor of the bulls. ๐ก
#XAU #tapedelta
