GOLD 3HRGold vs US-DollarBLACKBULL:XAUUSDShavyfxhubXAUUSD 3-Hour Chart Analysis – Shavyfxhub Strategy Current Price: ≈ 4,385 Market Structure Gold is trading under a clear descending trendline on the 3-hour timeframe. The red dashed descending trendline has been respected multiple times (marked with red circles). Price made a strong rally from the early August lows but has consistently failed to break above this resistance. Recent price action shows another rejection from the trendline, followed by a pullback. The structure is forming lower highs, which keeps the short-term bias corrective. Key Levels (Shavyfxhub Style) Supply Roof / Resistance: Descending red trendline (main dynamic resistance) Recent swing highs near 4,420 – 4,440 Area around 4,400 – 4,410 Demand Floor / Support: Recent swing low zone near 4,310 – 4,320 Lower support from the prior consolidation base Current Bias Short-term bearish / corrective while price remains below the descending trendline. Price is currently sitting just below the trendline after the latest rejection. Scenarios Bearish continuation: Stay below the descending trendline Break of the recent lows around 4,310–4,320 Opens further downside Bullish recovery: Strong break and close above the descending trendline Would shift the short-term bias and open upside toward 4,420 – 4,440 Summary (Shavyfxhub View) Structure = Clear descending trendline with multiple rejections (lower highs) Immediate focus = Reaction at the descending resistance Critical resistance = Red descending trendline Critical support = 4,310 – 4,320 zone Price remains capped by the descending trendline. A decisive break above it is required to resume bullish momentum on the 3-hour chart.