XAUUSD / GOLD 4H Sell Projection Explanation
Gold is currently showing a bearish rejection setup near the resistance zone.
The market first moved upside and collected liquidity around the upper wick area near 4090. After that, price failed to continue bullish and started rejecting from the resistance area. This shows sellers are active from the top.
Sell Limit Area:
Around 4072 – 4078 is the main sell zone. This area is between Resistance 1 and Resistance 2, so if price retests this zone and rejects, a sell entry can be considered.
Stop Loss:
SL is placed above the sell zone near 4084 – 4085, because if price breaks above this area, the sell setup becomes weak.
Targets:
TP1: Around 4063 – 4064 near Support 1
TP2: Around 4043 – 4044 near Support 2
Setup Logic:
Liquidity already collected at the top, resistance rejection is visible, and price is expected to continue bearish toward the support levels.
Invalidation:
If a 4H candle closes strongly above 4085 / 4090, this sell projection becomes invalid.
Gold is currently showing a bearish rejection setup near the resistance zone.
The market first moved upside and collected liquidity around the upper wick area near 4090. After that, price failed to continue bullish and started rejecting from the resistance area. This shows sellers are active from the top.
Sell Limit Area:
Around 4072 – 4078 is the main sell zone. This area is between Resistance 1 and Resistance 2, so if price retests this zone and rejects, a sell entry can be considered.
Stop Loss:
SL is placed above the sell zone near 4084 – 4085, because if price breaks above this area, the sell setup becomes weak.
Targets:
TP1: Around 4063 – 4064 near Support 1
TP2: Around 4043 – 4044 near Support 2
Setup Logic:
Liquidity already collected at the top, resistance rejection is visible, and price is expected to continue bearish toward the support levels.
Invalidation:
If a 4H candle closes strongly above 4085 / 4090, this sell projection becomes invalid.
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.