XAUUSD / GOLD – Weekly Sell Limit Projection
Gold is trading inside a strong bearish structure, respecting the descending trendline. The main sell area is around 4040–4053, where several confirmations meet:
Descending trendline resistance
Resistance R1
Fair Value Gap (FVG)
Fibonacci 0.618 golden ratio
Trading Plan
Sell Limit Zone: 4040–4053
Stop Loss: Above 4102 resistance
TP1: Around 4000 – Support S1
TP2: Around 3960 – Support S2
Final Target: 3847 – Support S3
Gold is trading inside a strong bearish structure, respecting the descending trendline. The main sell area is around 4040–4053, where several confirmations meet:
Descending trendline resistance
Resistance R1
Fair Value Gap (FVG)
Fibonacci 0.618 golden ratio
Trading Plan
Sell Limit Zone: 4040–4053
Stop Loss: Above 4102 resistance
TP1: Around 4000 – Support S1
TP2: Around 3960 – Support S2
Final Target: 3847 – Support S3
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.