🔍 Market Overview (H1 Timeframe)
The GBP/JPY pair is trading within a tight consolidation range, following a recent bullish breakout on higher timeframes. However, on the H1 chart, momentum is beginning to show signs of exhaustion, with price action forming short-term resistance around the ¥193.50–¥193.80 zone.
📊 Technical Analysis (H1 Chart)
🔹 Trend...
Current Bias: Bearish
Market Structure: Lower highs and lower lows forming post recent peak near $3268.05.
Price Action: Gold recently broke below a key support zone around $3268.05,
Trade Setups
📉 Bearish Setup (Primary Bias)
Entry: On rejection at $3256.24 or a break/retest of $3268.05
Stop Loss: $3272.67
Take Profit:
TP1:...
Based on the H4 (4-hour) timeframe analysis for XAU/USD (Gold), here’s a concise prediction:
Trend Direction: Bearish
Recent Price Action: A clean break below a consolidation zone or horizontal support (e.g., $3267.937) confirms downside pressure.
Forecast: As long as gold remains below the 3267-937 resistance area, the bearish pressure is likely to...
