XAU/USD (Gold) chart pattern..

XAU/USD (Gold) on the 1-hour timeframe with Ichimoku cloud and trendline support.

Based on the annotations drawn on my chart:

Price is currently around $3,882 – $3,883.

There’s a rising trendline support just under $3,870.

If that breaks, my chart shows two downside target levels:

First Target Zone: around $3,860 – $3,865.

Second Target Zone (deeper move): around $3,760 – $3,770.



So my key levels are:

Immediate support: $3,870 (trendline + Ichimoku).

First target: $3,860.

Second target: $3,760 (major drop if breakdown continues).


👉 This means as long as gold holds above $3,870, it may bounce. But if it breaks decisively below, then your marked downside targets are valid.