Malaysia
2026-04-23 13:17
IndustryXAUUSD ( GOLD ) H1 Analysis - 23 April 2026
Market structure currently remains bearish after a strong impulsive drop, breaking previous support and forming lower highs.
Price is now reacting within a key demand zone around 4670 – 4700, showing a short-term bounce.
Key Zones:
Resistance: 4750 – 4760
Major Resistance: 4790 – 4805
Support: 4670 – 4680
Current Outlook:
Price is in a retracement phase after the sell-off. As long as price stays below 4760, bearish pressure is still valid.
Scenarios:
Bearish Case (Primary):
Rejection at 4750 – 4760
Continue downside towards 4700
Break 4700 → next target 4680 / 4670
Bullish Case (Secondary):
Strong break and close above 4760
Price may push towards 4790 – 4800 resistance zone
Trade Idea:
Sell on rejection at 4750 – 4760
Buy only if strong breakout above 4760
Reminder:
Wait for confirmation (structure + rejection) before entry. Avoid chasing price.
#Analysis #TradingStrategies #tradeonurownrisk
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XAUUSD ( GOLD ) H1 Analysis - 23 April 2026
Market structure currently remains bearish after a strong impulsive drop, breaking previous support and forming lower highs.
Price is now reacting within a key demand zone around 4670 – 4700, showing a short-term bounce.
Key Zones:
Resistance: 4750 – 4760
Major Resistance: 4790 – 4805
Support: 4670 – 4680
Current Outlook:
Price is in a retracement phase after the sell-off. As long as price stays below 4760, bearish pressure is still valid.
Scenarios:
Bearish Case (Primary):
Rejection at 4750 – 4760
Continue downside towards 4700
Break 4700 → next target 4680 / 4670
Bullish Case (Secondary):
Strong break and close above 4760
Price may push towards 4790 – 4800 resistance zone
Trade Idea:
Sell on rejection at 4750 – 4760
Buy only if strong breakout above 4760
Reminder:
Wait for confirmation (structure + rejection) before entry. Avoid chasing price.
#Analysis #TradingStrategies #tradeonurownrisk
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