XAUUSD H1: The Price Action Forecast for the American Session on 5.11.2025

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 3928.68 mark.
The Morning Doji Star pattern has formed here. This pattern consists of a combination of three Japanese candlesticks. The appearance of this pattern on the chart significantly increases the probability of a price reversal.
The nearest resistance is set at the 3986.93 mark.
The pattern formed here is Three Outside Bars Down. This pattern is a combination of three Japanese candlesticks. The first candlestick has a short white real body, the second candlestick has a long black real body and completely engulfs the first candlestick, and the third candlestick is also black, closing below the second candlestick.
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.