Current Price: 4006.53
Trend: Short-term bearish
🔍 Chart Breakdown
The price is moving within a descending channel, indicating a continuation of the bearish momentum.
There is a key resistance zone around 4035–4060, highlighted in the shaded area. This zone aligns with previous structure and upper trendline resistance.
The market is currently making a minor pullback toward this resistance area after touching the lower boundary of the descending channel.
📉 Expected Move
The purple projection suggests a pullback to the resistance zone, followed by a strong rejection downward.
The target level is set around 3920.72, which corresponds to a previous swing low and a possible completion of the bearish wave.
⚙️ Trading Outlook
Direction Entry Zone Stop Loss Take Profit Confirmation
Sell 4035–4060 4075 3920 Rejection candle or bearish engulfing at resistance
📊 Summary
Gold remains in a short-term downtrend, and the best opportunity is to wait for price to test resistance (4035–4060) before considering short positions targeting 3920.
A breakout above 4075 would invalidate this bearish setup and could signal a potential trend reversal.
CA1!
MC1!
SN1!
LH1!
SC1!
AH1!
CO1!
ZS1!
PB1!
HC1!
AA1!
EA1!
ST1!
AN1!
AW1!
Trend: Short-term bearish
🔍 Chart Breakdown
The price is moving within a descending channel, indicating a continuation of the bearish momentum.
There is a key resistance zone around 4035–4060, highlighted in the shaded area. This zone aligns with previous structure and upper trendline resistance.
The market is currently making a minor pullback toward this resistance area after touching the lower boundary of the descending channel.
📉 Expected Move
The purple projection suggests a pullback to the resistance zone, followed by a strong rejection downward.
The target level is set around 3920.72, which corresponds to a previous swing low and a possible completion of the bearish wave.
⚙️ Trading Outlook
Direction Entry Zone Stop Loss Take Profit Confirmation
Sell 4035–4060 4075 3920 Rejection candle or bearish engulfing at resistance
📊 Summary
Gold remains in a short-term downtrend, and the best opportunity is to wait for price to test resistance (4035–4060) before considering short positions targeting 3920.
A breakout above 4075 would invalidate this bearish setup and could signal a potential trend reversal.
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免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
