XAUUSD / GOLD – 1H Sell Limit Projection
Gold has formed an Evening Star bearish reversal pattern near the major resistance zone around 4177–4179, showing strong rejection from higher prices.
Sell Setup
Selling Area: 4170.50 – 4172.96
This zone is acting as minor resistance and may provide a retracement entry for sellers.
Stop Loss: Above 4179.96
A strong 1-hour candle close above 4180 would invalidate the bearish setup.
Downside Targets
TP1: 4157.26 – Fibonacci 0.50 level and Support S1
TP2: 4151.93 – 4152.11 – Fibonacci 0.618 level and Support S2
Gold has formed an Evening Star bearish reversal pattern near the major resistance zone around 4177–4179, showing strong rejection from higher prices.
Sell Setup
Selling Area: 4170.50 – 4172.96
This zone is acting as minor resistance and may provide a retracement entry for sellers.
Stop Loss: Above 4179.96
A strong 1-hour candle close above 4180 would invalidate the bearish setup.
Downside Targets
TP1: 4157.26 – Fibonacci 0.50 level and Support S1
TP2: 4151.93 – 4152.11 – Fibonacci 0.618 level and Support S2
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.