XAUUSD/GOLD 1H Sell Projection
Gold has made a strong bearish move and is now retracing back into the 4032–4035 resistance area. This zone contains the broken neckline, previous Tokyo session support, and trendline resistance, which may now act as selling pressure.
Price is currently testing the marked selling zone near 4032. A bearish rejection or confirmation candle from this area could support further downside movement.
Sell Zone: 4032–4035
Stop Loss: 4042.86
Key Level: 0.618 Fibonacci – 4028.79
Take Profit 1: Around 4024.20
Take Profit 2: 4015.91
Gold has made a strong bearish move and is now retracing back into the 4032–4035 resistance area. This zone contains the broken neckline, previous Tokyo session support, and trendline resistance, which may now act as selling pressure.
Price is currently testing the marked selling zone near 4032. A bearish rejection or confirmation candle from this area could support further downside movement.
Sell Zone: 4032–4035
Stop Loss: 4042.86
Key Level: 0.618 Fibonacci – 4028.79
Take Profit 1: Around 4024.20
Take Profit 2: 4015.91
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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.