Gold high Selling pressure still in bearish momentum downtrend

73
XAUUSD SELL SIGNAL
Direction: SELL
Entry Zone: 4015 to 4035
Stop Loss: 4065 (Above the trendline and recent swing high)
Take Profit 1: 3990
Take Profit 2: 3960 (Major Support)
Take Profit 3: 3900
Extended Target: 3800 (Only if 3960 breaks with strong bearish momentum)
Trade Idea: Price remains below the descending trendline and continues making lower highs. The 4015 to 4035 area is acting as resistance. As long as price stays below 4065, sellers remain in control. A confirmed break below 3960 could accelerate the move toward 3900 and possibly 3800.
Risk Management: Risk only 1% to 2% of your account on this trade. Move your stop loss to breakeven after TP1 is reached and consider taking partial profits at each target.
Invalidation: If a daily candle closes above 4065, this bearish setup becomes invalid and buyers may target 4200 next

Aviso legal

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