XAUUSD is trading around 4,140 after a strong bearish move. Price has broken below the short-term rising trendline and remains below the Ichimoku cloud, showing that sellers are still controlling the structure.
The main view is sell continuation, especially if price retests the broken trendline or previous support zones.
Technical View
Gold has broken the rising trendline that previously supported the recovery wave. This is an important signal because the market is no longer respecting the short-term bullish structure.
Price Action is showing lower highs after the rejection from the 4,200 area. The latest breakdown below the trendline confirms that buying momentum is weak, while sellers are pressing price toward deeper liquidity.
Ichimoku also supports the bearish view. Price is trading below the cloud, and the cloud above price is now acting as dynamic resistance. As long as gold stays below the cloud, recovery attempts should be treated as pullbacks, not a confirmed reversal.
The Fibonacci zones are important now. Price is reacting near the 1.618 extension area, but if this level cannot hold, gold may continue lower toward the 2.618 liquidity zone and the 3.618 crucial support area.
Key Zones
Current price: 4,140
Sell entry 1: 4,145–4,160
Sell entry 2: 4,170–4,185
Short-term resistance: 4,200–4,220
Fibonacci 1.618 area: 4,125–4,135
Liquidity level: 4,070–4,080
Crucial support: 4,020–4,030
Invalidation: above 4,200
Trading Plan
Sell Priority: 4,145–4,160
Condition: wait for bearish rejection, failed recovery above the broken trendline, or price staying below the Ichimoku cloud.
SL: above 4,200
TP1: 4,125–4,135
TP2: 4,070–4,080
TP3: 4,020–4,030
Second Sell Setup
Sell Zone: 4,170–4,185
Condition: only consider this zone if gold pulls back deeper and rejects from the previous support area.
SL: above 4,220
TP1: 4,125–4,135
TP2: 4,070–4,080
TP3: 4,020–4,030
Alternative Scenario
If gold breaks directly below 4,125, wait for a retest of this zone as resistance before looking for continuation toward 4,070 and 4,020.
Buy View
Buy is not the priority while price remains below the broken trendline and Ichimoku cloud. A short-term bounce may appear near Fibonacci support, but it needs clear bullish confirmation before considering any recovery setup.
Final View
Overall, gold is under bearish pressure after breaking the trendline. As long as price stays below 4,170–4,185 and the Ichimoku cloud, sell continuation remains the cleaner view.
Will gold retest the sell zone first, or drop directly toward the Fibonacci liquidity levels?