During the previous trading session, the price of XAUUSD decreased, moving in the main trend direction on the higher time-frame.
The support and resistance levels:
The nearest support is set at the 3959.11 mark.
This level was formed by the Three Inside Up pattern. This pattern consists of three Japanese candles: the first candle has a short white real body, the second candle has a white real body and is completely inside the body of the first candle, and the third candle is also white and closes above the body of the second candle.
The nearest resistance is set at the 4055.24 mark.
The Bearish Engulfing pattern formed this level. It consists of two Japanese candles: the first candle is located inside the body of the second candle.
Trading recommendations:
The latest pattern formed on the chart prioritizes short positions. This signal is also proved with the price movement dynamics on the higher time-frame.
XAUUSD H1: The Price Action Forecast for the American Session on 26.6.2026
