XAUUSD / GOLD – SELL SETUP EXPLANATION
Gold is showing a bearish structure on the 1H timeframe after a strong downside move. Price has broken below the rising trendline and major support, which keeps the short-term bias toward further selling pressure.
Resistance / Invalidation: Around 4439.50. A strong 1H close above this area would weaken the bearish setup.
1H FVG: Approximately 4420–4428. If price retraces into this imbalance, sellers may become active again.
Potential Sell Retracement Zone: Around 4402–4412, supported by the 0.50 Fib at 4402.58 and 0.618 Fib at 4411.50.
Target 1: Around 4395–4397, previous support.
Target 2: Around 4368–4370, next major support.
Target 3: Around 4335, deeper downside target.
Overall Bias: 🔴 BEARISH
The cleaner scenario is not to chase the fall, but to watch for a retracement toward the 4402–4412 area, followed by bearish rejection/confirmation. As long as price remains below 4439–4440, sellers retain the advantage.
Gold is showing a bearish structure on the 1H timeframe after a strong downside move. Price has broken below the rising trendline and major support, which keeps the short-term bias toward further selling pressure.
Resistance / Invalidation: Around 4439.50. A strong 1H close above this area would weaken the bearish setup.
1H FVG: Approximately 4420–4428. If price retraces into this imbalance, sellers may become active again.
Potential Sell Retracement Zone: Around 4402–4412, supported by the 0.50 Fib at 4402.58 and 0.618 Fib at 4411.50.
Target 1: Around 4395–4397, previous support.
Target 2: Around 4368–4370, next major support.
Target 3: Around 4335, deeper downside target.
Overall Bias: 🔴 BEARISH
The cleaner scenario is not to chase the fall, but to watch for a retracement toward the 4402–4412 area, followed by bearish rejection/confirmation. As long as price remains below 4439–4440, sellers retain the advantage.
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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.