Current Price: 4006.53
Trend: Short-term bearish
🔍 Chart Breakdown
The price is moving within a descending channel, indicating a continuation of the bearish momentum.
There is a key resistance zone around 4035–4060, highlighted in the shaded area. This zone aligns with previous structure and upper trendline resistance.
The market is currently making a minor pullback toward this resistance area after touching the lower boundary of the descending channel.
📉 Expected Move
The purple projection suggests a pullback to the resistance zone, followed by a strong rejection downward.
The target level is set around 3920.72, which corresponds to a previous swing low and a possible completion of the bearish wave.
⚙️ Trading Outlook
Direction Entry Zone Stop Loss Take Profit Confirmation
Sell 4035–4060 4075 3920 Rejection candle or bearish engulfing at resistance
📊 Summary
Gold remains in a short-term downtrend, and the best opportunity is to wait for price to test resistance (4035–4060) before considering short positions targeting 3920.
A breakout above 4075 would invalidate this bearish setup and could signal a potential trend reversal.
CA1! MC1! 
SN1! 
LH1! 
SC1! 
AH1! 
CO1! 
ZS1! 
PB1! HC1! AA1! EA1! ST1! AN1! AW1!
Trend: Short-term bearish
🔍 Chart Breakdown
The price is moving within a descending channel, indicating a continuation of the bearish momentum.
There is a key resistance zone around 4035–4060, highlighted in the shaded area. This zone aligns with previous structure and upper trendline resistance.
The market is currently making a minor pullback toward this resistance area after touching the lower boundary of the descending channel.
📉 Expected Move
The purple projection suggests a pullback to the resistance zone, followed by a strong rejection downward.
The target level is set around 3920.72, which corresponds to a previous swing low and a possible completion of the bearish wave.
⚙️ Trading Outlook
Direction Entry Zone Stop Loss Take Profit Confirmation
Sell 4035–4060 4075 3920 Rejection candle or bearish engulfing at resistance
📊 Summary
Gold remains in a short-term downtrend, and the best opportunity is to wait for price to test resistance (4035–4060) before considering short positions targeting 3920.
A breakout above 4075 would invalidate this bearish setup and could signal a potential trend reversal.
CA1! MC1! SN1! LH1! SC1! AH1! CO1! ZS1! PB1! HC1! AA1! EA1! ST1! AN1! AW1! Transaction en cours
Trade fermée: cible de profit atteinte
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.