XAUUSD / Gold Sell Limit Projection – 24.07.2026
Gold is currently trading near 4048.76, below a major resistance area. The chart expects price to make a temporary upward correction before continuing the bearish movement.
Trade Setup
Sell Limit Entry: Around 4078.67
Stop Loss: 4100.12
Take Profit 1: Around 4048.76
Take Profit 2: Around 4019.03
Technical Reasoning
The 4078–4080 area is acting as an important resistance and previous support-turned-resistance zone. Price has also shown a strong bearish rejection from the higher region around 4120–4130, indicating that sellers are active.
The descending trendline further supports the bearish outlook. The expected movement is:
Price retraces towards 4078 → rejects the resistance → falls towards 4048 → continues towards 4019.
Confirmation to Watch
The setup becomes stronger if price reaches the entry zone and forms:
Bearish rejection wick
Bearish engulfing candle
Lower-timeframe structure breakdown
Gold is currently trading near 4048.76, below a major resistance area. The chart expects price to make a temporary upward correction before continuing the bearish movement.
Trade Setup
Sell Limit Entry: Around 4078.67
Stop Loss: 4100.12
Take Profit 1: Around 4048.76
Take Profit 2: Around 4019.03
Technical Reasoning
The 4078–4080 area is acting as an important resistance and previous support-turned-resistance zone. Price has also shown a strong bearish rejection from the higher region around 4120–4130, indicating that sellers are active.
The descending trendline further supports the bearish outlook. The expected movement is:
Price retraces towards 4078 → rejects the resistance → falls towards 4048 → continues towards 4019.
Confirmation to Watch
The setup becomes stronger if price reaches the entry zone and forms:
Bearish rejection wick
Bearish engulfing candle
Lower-timeframe structure breakdown
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.