GOLD (XAUUSD) | BEARISH OUTLOOK
Price rejection near 4,080 confirms selling pressure, with momentum favouring sellers.
Bearish continuation expected below 4,000, opening the path towards 3,979 and 3,942.
A decisive breakdown of 3,915 could extend the move to TARGET: 3,942.
STOP LOSS: 4,090 | Invalidation above the recent resistance zone.
Trade setup favours sell-on-rise or breakdown confirmation, with risk managed strictly.
Price rejection near 4,080 confirms selling pressure, with momentum favouring sellers.
Bearish continuation expected below 4,000, opening the path towards 3,979 and 3,942.
A decisive breakdown of 3,915 could extend the move to TARGET: 3,942.
STOP LOSS: 4,090 | Invalidation above the recent resistance zone.
Trade setup favours sell-on-rise or breakdown confirmation, with risk managed strictly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.