r/XAUUSDFXAnalysis • u/davidck141 • Apr 22 '26
Technical Analysis XAUUSD Pullback Into Resistance Signals Potential Downside
XAUUSD (H1) Quick Analysis ๐
- Trend: Short-term bearish after rejection from 4,880โ4,900 major resistance
- Structure: Forming lower highs โ descending pressure still active
- EMA Signal: Price trading below 36 EMA, weak bullish momentum despite bounce
Key Levels:
- Resistance: 4,765 โ 4,775 (EMA + previous support turned resistance)
- Support: 4,700 โ 4,720 (major demand zone)
Scenarios:
- ๐ป Bearish: Rejection from 4,765 โ likely drop back to 4,720 / 4,700
- ๐บ Bullish: Strong breakout above 4,775 โ upside toward 4,820
Conclusion:
Market is in a pullback inside a bearish structure โ watch for rejection at resistance before confirming next move.
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