📊 XAU/USD WEEKLY ANALYSIS
🔹 Gold continued its downward movement this week as the Federal Reserve maintained a hawkish stance, boosting the U.S. Dollar and reducing expectations of near-term rate cuts.
🔹 Easing geopolitical tensions following the U.S.-Iran agreement weakened safe-haven demand for gold.
🔹 Investors preferred dollar-denominated assets, keeping pressure on precious metals.
🔹 Despite minor recovery attempts, sellers remained dominant throughout the week.
🔹 Gold traded below key moving averages, confirming ongoing bearish momentum.
🔹 Weekly High: 4382
🔹 Weekly Low: 4121
🔹 Market Sentiment: Bearish with high volatility.
📈 XAU/USD TECHNICAL ANALYSIS
✅ Daily Timeframe:
• Strong Bearish Candle Formation
• Trading Below 20 SMA
• Downtrend Remains Intact
✅ 4-Hour Timeframe:
• Bearish Continuation Structure
✅ 1-Hour Timeframe:
• Bearish Flag Pattern Developing
📌 Weekly Trend:
🔻 Bearish
🎯 Major Support Levels:
• 4120
• 4050
• 4020
🚧 Major Resistance Levels:
• 4260
• 4330
• 4385
💡 Trading Outlook:
As long as Gold remains below 4260, selling pressure may continue toward 4120–4050. A sustained move above 4260 could trigger a corrective recovery toward 4330.
farah khan
