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2026-04-27 18:09

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

Emily98

2026-04-23 13:17

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