XAUUSD Short: Pullback Setup — $4,440 Rejection Favors Sellers
Hello traders! Here’s my technical outlook based on the current XAUUSD (3H) chart structure. XAUUSD previously traded inside a descending channel before breaking above the upper boundary and shifting bullish. Price then rallied toward the 4,440 Supply Zone, where sellers are now showing signs of rejection.
Currently, XAUUSD is trading below the 4,440 Supply Zone while holding above the 4,300 Demand Zone and rising trend line. The rejection from resistance creates a potential short-term bearish setup.
As long as XAUUSD remains below the 4,440 Supply Zone, the bearish correction scenario remains valid. A rejection from current levels could push price toward the 4,300 Demand Zone (TP1). However, a breakout and close above 4,440 would weaken the bearish outlook and increase the risk of further upside. Manage your risk!
Currently, XAUUSD is trading below the 4,440 Supply Zone while holding above the 4,300 Demand Zone and rising trend line. The rejection from resistance creates a potential short-term bearish setup.
As long as XAUUSD remains below the 4,440 Supply Zone, the bearish correction scenario remains valid. A rejection from current levels could push price toward the 4,300 Demand Zone (TP1). However, a breakout and close above 4,440 would weaken the bearish outlook and increase the risk of further upside. Manage your risk!
Operación activa
We see that gold is gradually adjusting downwards. However, buyers are also actively playing. Therefore, we will monitor the situation further!
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🔶 Free telegram channel👉 t.me/heniitrading
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.