📉 XAUUSD / GOLD – 1H SELL SETUP EXPLANATION
The 1-hour chart remains bearish, with price respecting the descending trend structure. A pullback into the marked resistance/FVG area could attract renewed selling pressure.
🔴 Major Resistance / Invalidation: 4357
📍 Seller Reaction Zone: 4320–4326
📊 1H FVG: approximately 4327–4357
🟢 Fib 0.50: 4309.37
🟢 Fib 0.618: 4315.66
🎯 Target 1: around 4303
🎯 Target 2: around 4282
🎯 Target 3: around 4252
Technical View: Price is currently near 4306 after a strong bearish move. A retracement toward 4309–4316, and especially 4320–4326, would be an important area to watch for bearish confirmation. As long as price remains below the 4357 resistance, the overall 1H bias stays bearish. A sustained break above 4357 would weaken this sell projection.
The 1-hour chart remains bearish, with price respecting the descending trend structure. A pullback into the marked resistance/FVG area could attract renewed selling pressure.
🔴 Major Resistance / Invalidation: 4357
📍 Seller Reaction Zone: 4320–4326
📊 1H FVG: approximately 4327–4357
🟢 Fib 0.50: 4309.37
🟢 Fib 0.618: 4315.66
🎯 Target 1: around 4303
🎯 Target 2: around 4282
🎯 Target 3: around 4252
Technical View: Price is currently near 4306 after a strong bearish move. A retracement toward 4309–4316, and especially 4320–4326, would be an important area to watch for bearish confirmation. As long as price remains below the 4357 resistance, the overall 1H bias stays bearish. A sustained break above 4357 would weaken this sell projection.
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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.