The current zone 3,541 – 3,545 is a key decision area — a breakdXAU/USD Analysis (H1 Chart)
1. Overall Trend
On the H1 timeframe, XAU/USD had a strong bullish move from around 3,500 → 3,565.
After peaking near 3,566, the price started to correct downward.
The ascending trendline (dashed gray) has been tested multiple times → signaling weakening bullish momentum in the short term.
2. Fibonacci Retracement
The Fib levels are drawn from the recent low (3,450) to the high (3,566):
Fib 0.786 (3,541): price is currently hovering around this level → short-term support.
Fib 0.618 (3,522) and Fib 0.5 (3,508): next support levels.
Fib 0.382 (3,494) and Fib 0.236 (3,477): potential targets if the decline continues.
3. Technical Pattern
The blue projection on the chart suggests a possible bearish wave formation (ABC correction or Double Top variant).
After the current rebound, price may continue to drop toward 3,494 – 3,477.
If 3,477 is broken, the downtrend could extend to 3,450.
4. RSI
RSI is at 51.24, neutral zone.
This indicates that the market is neither overbought nor oversold → leaving room for further downside.
5. Trading Scenarios
Bearish Scenario (primary): If price fails to hold above 3,541, consider short positions targeting 3,494 → 3,477.
Bullish Scenario (alternative): If price breaks back above 3,560 – 3,566, the bullish trend may resume with targets above 3,580.
👉 Summary: The short-term outlook leans bearish, with immediate targets at 3,494 – 3,477. The current zone 3,541 – 3,545 is a key decision area — a breakdown could trigger stronger downside momentum.
