XAU/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The daily chart for XAU/USD presents a clear bearish bias within a descending triangle pattern, characterized by a series of lower highs bounded by dynamic trendline resistance and a flat horizontal support zone. Trading right at $4,027 after a recent -1.16% drop, the price is testing immediate support at $4,017; a decisive daily close below this pivot confirms downside momentum toward major support near $3,920, with further breakdown targets extending toward $3,850. Conversely, for bulls to invalidate this downtrend, price must break and hold above the upper trendline near $4,120, which would shift short-term momentum toward higher resistance targets at $4,220 and $4,460.





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