WrOnG OvEr
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WrOnG OvEr
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XAU/USD — GOLD: CORRECTION NOT OVER YET? 🔴📉
Gold (XAU/USD) showed a strong rejection in the 4.400–4.450 area, where sellers returned to the market.
On the 30-minute chart, we can see a sequence of lower highs after the rejection, indicating selling pressure in the short term.
🎯 Scenario I’m watching
SELL Zone: 4.390–4.400
Stop Loss: 4.421
TP1: 4.285
TP2: 4.235
Final target: approx. 4.243
The 4.285 region will be important. If price reaches there and finds buyers, we could see a pullback before another drop.
On the other hand, a clear break of 4.285 may increase the probability of XAU/USD looking for the 4.235–4.243 region.
⚠️ Important: I’m not saying gold will necessarily reach 4.243. These are technical zones that need to be confirmed by price action.
🔄 What if the scenario changes?
If gold recovers 4.390–4.400 and manages to hold above that area, the selling pressure loses strength.
A break of 4.421 would invalidate the sell scenario presented on this chart and could bring 4.450–4.500 back into focus.
📊 My take:
🔴 Short term: Bearish/Corrective
🟡 4.285: important support
🔴 4.235–4.243: zone of possible mitigation/realization
🟢 Above 4.421: sell scenario loses validity
The market doesn’t have to follow our forecast. Waiting for confirmation and managing risk is more important than trying to guess the next move.
Gold remains extremely volatile, especially with changes in expectations for Fed rates, the dollar, and U.S. yields.
What do you think? Will XAU/USD go for 4.285 and then 4.235, or will buyers reclaim 4.400? 👇
#XAUUSD #GOLD #GoldTrading #Forex #Trading #TechnicalAnalysis #BinanceSquare #PriceAction #SMC #goldanalysis
Gold (XAU/USD) showed a strong rejection in the 4.400–4.450 area, where sellers returned to the market.
On the 30-minute chart, we can see a sequence of lower highs after the rejection, indicating selling pressure in the short term.
🎯 Scenario I’m watching
SELL Zone: 4.390–4.400
Stop Loss: 4.421
TP1: 4.285
TP2: 4.235
Final target: approx. 4.243
The 4.285 region will be important. If price reaches there and finds buyers, we could see a pullback before another drop.
On the other hand, a clear break of 4.285 may increase the probability of XAU/USD looking for the 4.235–4.243 region.
⚠️ Important: I’m not saying gold will necessarily reach 4.243. These are technical zones that need to be confirmed by price action.
🔄 What if the scenario changes?
If gold recovers 4.390–4.400 and manages to hold above that area, the selling pressure loses strength.
A break of 4.421 would invalidate the sell scenario presented on this chart and could bring 4.450–4.500 back into focus.
📊 My take:
🔴 Short term: Bearish/Corrective
🟡 4.285: important support
🔴 4.235–4.243: zone of possible mitigation/realization
🟢 Above 4.421: sell scenario loses validity
The market doesn’t have to follow our forecast. Waiting for confirmation and managing risk is more important than trying to guess the next move.
Gold remains extremely volatile, especially with changes in expectations for Fed rates, the dollar, and U.S. yields.
What do you think? Will XAU/USD go for 4.285 and then 4.235, or will buyers reclaim 4.400? 👇
#XAUUSD #GOLD #GoldTrading #Forex #Trading #TechnicalAnalysis #BinanceSquare #PriceAction #SMC #goldanalysis
📉 BTCUSD – Possible continuation of the downtrend towards demand zone
Based on the current price action, Bitcoin is showing clear signs of weakness after rejection at the supply zone.
🔎 Technical analysis (1W):
Market structure already showing a lower high (LH) Strong rejection at the marked zone (supply) Failure to maintain bullish momentum Possible continuation towards mitigation of the lower zone (demand)
📊 Likely scenario:
👉 The price may continue to drop towards the marked lower zone on the chart, where there is liquidity and potential institutional reaction.
💡 This move makes sense especially since the market is already in a corrective phase — Bitcoin has dropped over 30% this year and shows weakness in the short term.
Additionally, several analysts point out that the price may test support zones between 60k–65k, which are key demand areas.
⚠️ Important:
This is not financial advice Wait for confirmation (break of structure or clear rejection) Always manage risk #BTC #trading
Based on the current price action, Bitcoin is showing clear signs of weakness after rejection at the supply zone.
🔎 Technical analysis (1W):
Market structure already showing a lower high (LH) Strong rejection at the marked zone (supply) Failure to maintain bullish momentum Possible continuation towards mitigation of the lower zone (demand)
📊 Likely scenario:
👉 The price may continue to drop towards the marked lower zone on the chart, where there is liquidity and potential institutional reaction.
💡 This move makes sense especially since the market is already in a corrective phase — Bitcoin has dropped over 30% this year and shows weakness in the short term.
Additionally, several analysts point out that the price may test support zones between 60k–65k, which are key demand areas.
⚠️ Important:
This is not financial advice Wait for confirmation (break of structure or clear rejection) Always manage risk #BTC #trading
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