Gold is currently showing strong seller dominance after rejecting the 4,378 to 4,383 resistance area. Price has also reacted from the Fair Value Gap sell zone and moved back below the 4,375 level.
Our potential sell-entry zone is between 4,373 and 4,375, with the stop loss placed above the major resistance at 4,386.40.
The first take-profit level is 4,368. If price gives a strong one-hour candle close below this level, the selling pressure may continue toward the second target at 4,354. The final downside target is around 4,341.
This sell projection remains valid while price stays below 4,386.40. A strong one-hour candle close above this level will invalidate the bearish setup.
Educational purpose only. This is not a buy or sell recommendation. Trading carries risk. Trade wisely.
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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.