XAUUSD / GOLD Weekly Sell Projection Explanation
The chart shows a bearish weekly outlook, but it expects gold to make a temporary upward retracement before the larger decline.
Main selling zone: 4,190–4,215
This area is considered a strong resistance zone because several technical factors meet there:
0.50 Fibonacci level near 4,162
0.618 Fibonacci level near 4,215
Previous wick rejection and supply area
Fair Value Gap (FVG)
Descending trendline resistance
The bullish engulfing candle and spinning-top formation suggest that gold may first recover toward this resistance zone. A bearish rejection candle from 4,190–4,215 would provide stronger confirmation for the sell setup.
Trade levels shown on the chart
Potential sell zone: 4,190–4,215
Stop-loss: Above 4,249–4,250
TP1: Around 4,162
TP2: Around 4,085–4,095
TP3: Around 4,045–4,055
TP4: Around 4,000
Long-term targets: Approximately 3,870 and 3,743
The chart shows a bearish weekly outlook, but it expects gold to make a temporary upward retracement before the larger decline.
Main selling zone: 4,190–4,215
This area is considered a strong resistance zone because several technical factors meet there:
0.50 Fibonacci level near 4,162
0.618 Fibonacci level near 4,215
Previous wick rejection and supply area
Fair Value Gap (FVG)
Descending trendline resistance
The bullish engulfing candle and spinning-top formation suggest that gold may first recover toward this resistance zone. A bearish rejection candle from 4,190–4,215 would provide stronger confirmation for the sell setup.
Trade levels shown on the chart
Potential sell zone: 4,190–4,215
Stop-loss: Above 4,249–4,250
TP1: Around 4,162
TP2: Around 4,085–4,095
TP3: Around 4,045–4,055
TP4: Around 4,000
Long-term targets: Approximately 3,870 and 3,743
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.