XAUUSD / GOLD – 1H SELL LIMIT PROJECTION
Gold is currently trading inside a short-term ascending channel, but the broader structure remains under pressure from the Daily downtrend line.
🔹 Potential Sell Zone: $4,495 – $4,510
This area has strong technical confluence from the Daily downtrend line + channel resistance + 0.618 Fibonacci level ($4,498.65) + previous resistance/order block. If price reaches this zone and shows clear bearish rejection on the 1H timeframe, selling pressure could resume.
🎯 Target 1: $4,457.34
This is the 0.50 Fibonacci level and an important short-term reaction area.
🎯 Target 2: $4,422.39
This is the marked neckline/support zone. A strong break and close below this level could open the door for a deeper bearish continuation.
🛑 Stop Loss / Invalidation: Above $4,543.30
A sustained 1H close above this area would weaken the sell setup and could indicate that buyers are gaining control.
📌 SETUP LOGIC
Ascending Channel Resistance + Daily Downtrend Line + 0.618 Fib + Order Block = Strong Potential Selling Zone
Bias: Wait for price to approach the $4,495–$4,510 resistance zone and look for bearish confirmation rather than chasing a sell at the current price.
Gold is currently trading inside a short-term ascending channel, but the broader structure remains under pressure from the Daily downtrend line.
🔹 Potential Sell Zone: $4,495 – $4,510
This area has strong technical confluence from the Daily downtrend line + channel resistance + 0.618 Fibonacci level ($4,498.65) + previous resistance/order block. If price reaches this zone and shows clear bearish rejection on the 1H timeframe, selling pressure could resume.
🎯 Target 1: $4,457.34
This is the 0.50 Fibonacci level and an important short-term reaction area.
🎯 Target 2: $4,422.39
This is the marked neckline/support zone. A strong break and close below this level could open the door for a deeper bearish continuation.
🛑 Stop Loss / Invalidation: Above $4,543.30
A sustained 1H close above this area would weaken the sell setup and could indicate that buyers are gaining control.
📌 SETUP LOGIC
Ascending Channel Resistance + Daily Downtrend Line + 0.618 Fib + Order Block = Strong Potential Selling Zone
Bias: Wait for price to approach the $4,495–$4,510 resistance zone and look for bearish confirmation rather than chasing a sell at the current price.
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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.