XAUUSD / GOLD – 1H Sell Limit Projection
Gold is currently trading near the 3993–3994 resistance zone. This area is important because it aligns with Resistance R1, the descending trendline, and a recently formed Evening Star bearish reversal pattern.
The setup suggests waiting for price to retest the 3993.5–3994.4 sell zone before considering a sell position. A rejection from this area could push the market toward the lower support levels.
Sell Entry Zone: 3993.5–3994.4
Stop Loss: 4002.7, above Resistance R2
Targets:
TP1: 3985.0 – Support S1
TP2: 3979.0 – Support S2
TP3: 3969.1 – Support S3
The bearish setup remains valid while price stays below 4002.7. An hourly candle closing strongly above this level could invalidate the sell projection. Traders should wait for bearish rejection or confirmation before entering and follow proper risk management.
Gold is currently trading near the 3993–3994 resistance zone. This area is important because it aligns with Resistance R1, the descending trendline, and a recently formed Evening Star bearish reversal pattern.
The setup suggests waiting for price to retest the 3993.5–3994.4 sell zone before considering a sell position. A rejection from this area could push the market toward the lower support levels.
Sell Entry Zone: 3993.5–3994.4
Stop Loss: 4002.7, above Resistance R2
Targets:
TP1: 3985.0 – Support S1
TP2: 3979.0 – Support S2
TP3: 3969.1 – Support S3
The bearish setup remains valid while price stays below 4002.7. An hourly candle closing strongly above this level could invalidate the sell projection. Traders should wait for bearish rejection or confirmation before entering and follow proper risk management.
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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.