XAUUSD / GOLD – 1H SELL PROJECTION (21.06.2026)
This chart suggests a bearish (sell) setup on the 1-hour timeframe.
1. Market Structure
Price is trading inside a Falling Wedge Pattern (red trendlines).
There is also a parallel downtrend channel (blue lines).
Overall trend remains bearish because price continues to make lower highs and lower lows.
2. Entry Zone
The chart expects a pullback upward first.
Price may retest the 0.5 Fibonacci level (4206) and 0.618 Fibonacci level (4164) area.
This area also coincides with:
Resistance zone
Downtrend line resistance
Previous supply area
Expected move: Price rises into resistance → sellers enter → market reverses downward.
3. Stop Loss
Stop loss is placed above the major resistance zone around 4290–4300.
If price breaks and closes above this area, the sell setup becomes invalid.
4. Important Breakdown Area
The chart highlights:
"BREAK BELOW HERE = STRONG SELLING"
Support zone around 4100 is critical.
If price breaks below this support, bearish momentum is expected to increase significantly.
5. Take Profit Targets
TP1: Around 4155
First support/resistance flip area.
Partial profit booking zone.
TP2: Around 4100
Strong support zone.
Major reaction area.
TP3: Around 3885–3900
Major support zone.
Final bearish target shown in the chart.
6. Trading Idea Summary
✅ Wait for price to retrace into resistance.
✅ Look for bearish confirmation:
Bearish engulfing candle
Rejection wick
CHOCH (Change of Character)
Lower High formation
✅ Enter sell after confirmation.
🎯 Targets:
TP1 → 4155
TP2 → 4100
TP3 → 3885
🛑 Stop Loss:
Above 4290–4300
This chart suggests a bearish (sell) setup on the 1-hour timeframe.
1. Market Structure
Price is trading inside a Falling Wedge Pattern (red trendlines).
There is also a parallel downtrend channel (blue lines).
Overall trend remains bearish because price continues to make lower highs and lower lows.
2. Entry Zone
The chart expects a pullback upward first.
Price may retest the 0.5 Fibonacci level (4206) and 0.618 Fibonacci level (4164) area.
This area also coincides with:
Resistance zone
Downtrend line resistance
Previous supply area
Expected move: Price rises into resistance → sellers enter → market reverses downward.
3. Stop Loss
Stop loss is placed above the major resistance zone around 4290–4300.
If price breaks and closes above this area, the sell setup becomes invalid.
4. Important Breakdown Area
The chart highlights:
"BREAK BELOW HERE = STRONG SELLING"
Support zone around 4100 is critical.
If price breaks below this support, bearish momentum is expected to increase significantly.
5. Take Profit Targets
TP1: Around 4155
First support/resistance flip area.
Partial profit booking zone.
TP2: Around 4100
Strong support zone.
Major reaction area.
TP3: Around 3885–3900
Major support zone.
Final bearish target shown in the chart.
6. Trading Idea Summary
✅ Wait for price to retrace into resistance.
✅ Look for bearish confirmation:
Bearish engulfing candle
Rejection wick
CHOCH (Change of Character)
Lower High formation
✅ Enter sell after confirmation.
🎯 Targets:
TP1 → 4155
TP2 → 4100
TP3 → 3885
🛑 Stop Loss:
Above 4290–4300
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.