#Earncommissions $XAU
XAUUSD (Gold) – 3H Technical Analysis
Gold formed lower highs and lower lows inside the descending channel.
Price consolidated inside the purple range around $4,050–$4,220.
Price broke below the range and the $3,990 resistance zone.
Price is now testing the lower support region around $3,870–$3,905.
Important price levels
Price
Significance
$4,210–$4,220
Major range resistance
$4,050–$4,090
Previous support / resistance
$3,990
Key resistance
$3,930
Intermediate resistance
$3,905
Current price area
$3,870–$3,890
Major support zone
Scenario A – Bullish bounce
Possible
Gold holds $3,870–$3,890 and starts forming higher lows.
Potential upside targets:
TP1: $3,930
TP2: $3,970
TP3: $3,990
Bearish continuation
Risk
Gold breaks below $3,870 and sustains trading below the support zone.
This could lead to further downside.
Avoid assuming that the first bounce from support means a trend reversal.$XAU
XAUUSD (Gold) – 3H Technical Analysis
Gold formed lower highs and lower lows inside the descending channel.
Price consolidated inside the purple range around $4,050–$4,220.
Price broke below the range and the $3,990 resistance zone.
Price is now testing the lower support region around $3,870–$3,905.
Important price levels
Price
Significance
$4,210–$4,220
Major range resistance
$4,050–$4,090
Previous support / resistance
$3,990
Key resistance
$3,930
Intermediate resistance
$3,905
Current price area
$3,870–$3,890
Major support zone
Scenario A – Bullish bounce
Possible
Gold holds $3,870–$3,890 and starts forming higher lows.
Potential upside targets:
TP1: $3,930
TP2: $3,970
TP3: $3,990
Bearish continuation
Risk
Gold breaks below $3,870 and sustains trading below the support zone.
This could lead to further downside.
Avoid assuming that the first bounce from support means a trend reversal.$XAU
