Gold (XAUUSD) Short-Term Technical Analysis

General Overview

• Current Price: ~3235-3240 USD
• Price is within a strong ascending channel on Daily and H4 timeframe
• Approaching upper boundary of the channel
• Key demand zones: 3070 – 2990 and ~2800

Classic Technical Analysis

• Trend: Bullish
• Near resistance (upper channel line)
• Potential bearish candlestick patterns spotted
• Key Support: 3160, 3090
• Resistance: 3245 (if broken, next level is 3300)

Harmonic Analysis

• Pattern forming: Bat or Shark
• Potential reversal zone: 3240 – 3260
• Confirmed if price breaks below 3180

Fibonacci & Numeric Analysis

• Current level around 78.6% retracement = Potential reversal
• Gann Angle 1:1 = Price may resist here

SMC (Smart Money Concepts)

• Break of Structure (BOS) and Change of Character (CHoCH) confirmed
• Current price in Premium Zone = ideal for potential sell
• Strong Buy zone: 3070 – 2990

ICT (Inner Circle Trader)

• Price sweeping liquidity above previous highs
• Expected drop to Fair Value Gaps (FVGs) at 3135, 3090, and 3015

Momentum Analysis

• RSI & MACD not shown but price movement indicates strong overbought condition
• Expect correction soon

Today’s Scenario

If price fails to break 3245 and forms bearish candlestick:

If 3245 breaks with strong close:

This Week’s Scenario

• Early week correction due to overbought zone
• Expect price to retest 3090 – 3070 before continuing upward trend