XAUUSD / GOLD – 1H Sell Limit Projection
Gold is currently making a bullish retracement inside an overall bearish trend. The expectation is that price may move upward toward the 4025 sell zone before continuing its downward movement.
Sell Zone: 4023–4027
This area has several bearish confirmations:
1H descending trendline resistance
Resistance R1
Fair Value Gap (FVG)
50% Fibonacci retracement at 4025.08
Momentum indicator is near the overbought region, around 86–89
Trade Projection
Entry: Around 4025
Stop Loss: 4043.16
Take Profit 1: Around 4003–4005, near Support S1
Final Target: Around 3990
Gold is currently making a bullish retracement inside an overall bearish trend. The expectation is that price may move upward toward the 4025 sell zone before continuing its downward movement.
Sell Zone: 4023–4027
This area has several bearish confirmations:
1H descending trendline resistance
Resistance R1
Fair Value Gap (FVG)
50% Fibonacci retracement at 4025.08
Momentum indicator is near the overbought region, around 86–89
Trade Projection
Entry: Around 4025
Stop Loss: 4043.16
Take Profit 1: Around 4003–4005, near Support S1
Final Target: Around 3990
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.