Gold is currently trading inside a clear descending structure respecting the falling trendline and rejecting the mid resistance zone around 4575-4600. Price recently swept the weak low near 4500 and showed a short-term bullish reaction but overall structure still remains bearish as long as price stays below the trendline and 4550-4575 resistance area. The move up looks corrective rather than a full reversal with lower highs forming and momentum weakening near resistance. The projected path suggests a possible push toward 4550-4575 for rejection followed by continuation to the downside targeting deeper liquidity zones around 4450 and potentially 4400.
Trade Plan – Sell Setup
Sell Zone: 4550-4575
Targets: 4500, 4450, 4400-07
Invalidation: H4 close above 4600
If price breaks and holds above 4600 bearish structure weakens and gold may push toward 4625-4650 before any rejection. Overall bias remains sell on rallies unless strong breakout confirmation happens above resistance.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Trade Plan – Sell Setup
Sell Zone: 4550-4575
Targets: 4500, 4450, 4400-07
Invalidation: H4 close above 4600
If price breaks and holds above 4600 bearish structure weakens and gold may push toward 4625-4650 before any rejection. Overall bias remains sell on rallies unless strong breakout confirmation happens above resistance.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.