📍 Current Price: Around 4200
🔴 Sell Zone: 4237 – 4240
This area has a strong confluence:
0.618 Fibonacci Golden Ratio – 4238
Ascending trendline resistance
Potential rejection/supply zone
🛑 Stop Loss: 4252
🎯 TP1 / Breakeven Zone: 4215
🎯 Main Target: 4180
Setup Idea:
Price is currently moving inside an ascending corrective channel. If GOLD retraces toward 4237–4240 and gives a proper bearish rejection/confirmation, the projection is for a move back toward 4215, followed by 4180.
⚠️ Invalidation: A strong 1H close above the 4252 area weakens this sell setup.
Wait for confirmation — don’t enter blindly at the zone.
Educational purpose only | Trading carries risk | Not a buy/sell recommendation
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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.