XAUUSD / GOLD 4H Sell Limit Projection
Gold is showing a bearish reversal structure on the 4-hour chart. The formation highlighted at the bottom resembles an Evening Star pattern, suggesting that buying momentum is weakening and sellers may regain control.
Trade Plan
Sell Entry Zone: 4044–4048
Key Fibonacci Level: 0.618 at 4044.526
Trendline Resistance: Around 4049.669
Stop Loss: Above the swing high at 4060.143
TP1: Around 4034.746
TP2: 4024.894–4024.048
The expected scenario is for price to first retrace upward into the 4044–4048 liquidity and resistance zone. If a strong bearish rejection appears there, price could reverse and move toward 4035, followed by the major support area near 4024.
A sustained 4H close above 4060.143 would invalidate this bearish setup. Since the current price is already near 4036, this is a pending sell-limit projection—selling immediately would mean chasing the move rather than entering from the planned resistance zone.
Gold is showing a bearish reversal structure on the 4-hour chart. The formation highlighted at the bottom resembles an Evening Star pattern, suggesting that buying momentum is weakening and sellers may regain control.
Trade Plan
Sell Entry Zone: 4044–4048
Key Fibonacci Level: 0.618 at 4044.526
Trendline Resistance: Around 4049.669
Stop Loss: Above the swing high at 4060.143
TP1: Around 4034.746
TP2: 4024.894–4024.048
The expected scenario is for price to first retrace upward into the 4044–4048 liquidity and resistance zone. If a strong bearish rejection appears there, price could reverse and move toward 4035, followed by the major support area near 4024.
A sustained 4H close above 4060.143 would invalidate this bearish setup. Since the current price is already near 4036, this is a pending sell-limit projection—selling immediately would mean chasing the move rather than entering from the planned resistance zone.
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.