XAUUSD / GOLD – 1H Sell Limit Projection
The chart shows a bearish pullback and continuation setup.
Current Price: Around 4350
Main Sell Zone: 4358 – 4363
Fibonacci 0.618 level: 4358.215
Previous resistance / supply zone around 4361–4363
The rising trendline also meets this area, creating a strong confluence resistance zone.
If Gold retraces toward 4358–4363 and shows bearish rejection, selling pressure could resume.
Major Upside Resistance / Invalidation:
4373.12 – Fibonacci 0.50 level
A strong 1H close above 4373 could weaken the bearish setup.
The next major resistance is around 4385.
Downside Targets:
TP1: 4336–4334 – Immediate support / demand zone
TP2: 4310–4309 – Major lower support and Fibonacci confluence zone
Expected Price Movement
4350 → 4358/4363 retracement → bearish rejection → 4336 → possible 4310
Avoid taking a blind sell immediately at the resistance zone. A bearish rejection candle, lower-high formation, or another confirmation around 4358–4363 would make the setup stronger.
Bias: 🔴 Bearish below 4363–4373
Main Sell Confirmation Zone: 4358–4363
Primary Target: 4336
Extended Target: 4310
The chart shows a bearish pullback and continuation setup.
Current Price: Around 4350
Main Sell Zone: 4358 – 4363
Fibonacci 0.618 level: 4358.215
Previous resistance / supply zone around 4361–4363
The rising trendline also meets this area, creating a strong confluence resistance zone.
If Gold retraces toward 4358–4363 and shows bearish rejection, selling pressure could resume.
Major Upside Resistance / Invalidation:
4373.12 – Fibonacci 0.50 level
A strong 1H close above 4373 could weaken the bearish setup.
The next major resistance is around 4385.
Downside Targets:
TP1: 4336–4334 – Immediate support / demand zone
TP2: 4310–4309 – Major lower support and Fibonacci confluence zone
Expected Price Movement
4350 → 4358/4363 retracement → bearish rejection → 4336 → possible 4310
Avoid taking a blind sell immediately at the resistance zone. A bearish rejection candle, lower-high formation, or another confirmation around 4358–4363 would make the setup stronger.
Bias: 🔴 Bearish below 4363–4373
Main Sell Confirmation Zone: 4358–4363
Primary Target: 4336
Extended Target: 4310
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.