XAUUSD 1H — Bearish Pressure, Reversal Watch
Gold continues to face strong bearish pressure, although a corrective rebound may develop near the psychological support level of 4,000. On the 1-hour chart, XAUUSD has formed a clear bearish structure characterised by lower highs and lower lows. After failing to sustain its recovery around 4,130–4,140, the price moved lower through successive support levels, indicating that selling pressure remains strong.
The recent bearish move has left several Fair Value Gaps (FVGs) overhead, which may act as resistance during a recovery. The nearest imbalance lies around 4,095–4,107, followed by a…
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- Friday, 23 October 2026, 1:29 am IST
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