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┃ 📊 Technical Analysis of Gold XAUUSD ┃

┃ $3,875 - Live Update ┃

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Overall picture:

Gold fell from a peak of 5,500 → 3,875 (-3.62%)

A sharp decline reached the blue ascending support line on all timeframes

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📅 Weekly timeframe - 1W

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▪️ The broader trend is still bullish

▪️ Nearest support: the blue line at 3,850-3,880 (current zone)

▪️ The current candle is strongly bearish and touching the line

▪️ If it closes below it:

Next support is at 3,289, then 2,500

▪️ Major resistance: the red line at 4,300-4,500

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📅 Daily timeframe - 1D

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▪️ Drop from ~4,000 → 3,875 in 2-3 candles

▪️ Below all moving averages:

4,183 / 4,258 / 4,268 = bearish alignment 🔴

▪️ Price touched the blue line and the wick is small = no strong rejection

▪️ Resistance levels:

1- The sloping red line at 3,950-4,000

2- Psychological level at 4,000

3- Averages 4,180-4,270

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⏰ 4-hour timeframe - 4H

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▪️ A long bearish candle followed by small candles near support

= Signs of stabilization, no confirmed reversal

▪️ Averages 4,033 / 4,081 / 4,148 are above the price

= Dynamic resistance

▪️ An upside breakout requires a close above 3,950-4,000

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🎯 Scenarios

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🔹 Corrective rebound:

Confirmation: A green daily candle + a close above 3,950

Targets: 4,000, then 4,100-4,180

Note: This remains a correction within a short-term downtrend

unless it breaks above 4,300

🔹 Support breakdown:

Confirmation: A daily close below 3,850 (weekly close preferred)

Targets: 3,700, then 3,500, then 3,289

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⚠️ Important notes

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▪️ The sharp drop indicates short-term oversold conditions

Sharp rebounds are possible

▪️ US flags and lightning bolts indicate major economic news

Check the calendar before any trade

▪️ Don’t enter in the middle of a move

Wait for a candle to close above/below

💡 Overall bias: Neutral to cautious

Price is at key support

Above 3,950 = rebound

Below 3,850 = continued decline

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This is educational technical analysis, not investment advice

#Hijazi_Markets #XAUUSD #GOLD