XAUUSD Sell analysis
- Confidence
- 85
- Entry
- 4,113
- Target
- 4,050
- Stop
- 4,145
- Published
- 2026-06-23
Summary
Gold is in a strong, accelerating H1 downtrend, having recently broken down past key swing support levels towards new lows.
Trend
The structure is heavily bearish with a clear sequence of lower highs and lower lows. The most recent impulse demonstrates high selling pressure, pushing prices below the previous major support floor near 4130.
Patterns
The price has broken down out of a bearish consolidation/flag pattern that formed between 4170 and 4210, marking a continuation of the primary downtrend.
Indicators
Sustained sequence of large bearish red candles on the H1 chart indicates strong seller dominance and highly negative momentum with very little signs of buying absorption.
Strategy
Sell on the breakout or on a retest of the broken support level (now turned resistance), targeting lower levels as the southward movement continues.
For reference only, not investment advice. Trading decisions are your own.