XAUUSD Daily Chart Analysis (Shavyfxhub Strategy)
Current Price: ≈ 4,232 – 4,250
Overall Market Structure
The daily chart shows a clear bearish structure after the major top near 5,200 earlier in the year.
Price has been making lower highs along a long-term descending red trendline. Multiple RT/SR (Resistance Turned Support / Support Turned Resistance) flips confirm the strength of this descending resistance.
A major Supply Roof is marked on the left side of the chart from the earlier distribution phase.
Key Levels (Shavyfxhub Style)
Supply Roof / Resistance:

4,310 – 4,315 → Labeled “4310-4315 Daily Cross” (major confluence with the descending trendline)
Long-term descending red trendline (primary supply)
Higher supply zones remain far above near previous swing highs

Demand Floor / Support:

Immediate demand sits below current price (around the recent swing lows)
Previous RT/SR zones that may act as support on deeper pullbacks

Current Price Action
Price has rallied into the descending trendline and the 4,310–4,315 Daily Cross zone. The red arrow on the chart highlights the potential for rejection from this area.
This is a classic Shavyfxhub supply test on the daily timeframe.
Bias & Scenarios
Bearish scenario (preferred while below the descending trendline):

Rejection from the 4,310–4,315 zone / descending trendline
Opens the door for a move back toward lower demand areas

Bullish breakout scenario:

Strong daily close above 4,315 and the descending trendline
Would signal a potential structure shift and open higher targets

Summary (Shavyfxhub View)

Structure = Bearish lower highs along the major descending trendline
Critical Supply Roof = 4,310–4,315 Daily Cross + descending trendline
Price is currently testing a high-probability rejection zone

As long as price remains below the 4,310–4,315 area and the descending trendline, the daily bias stays bearish. A clean break and hold above that zone would be needed to flip the structure.