Gold is forming a bearish pennant on the 4H chart, suggesting a potential continuation of the prior bearish leg. A confirmed break below the $3,275 support area may trigger further downside toward the key targets.
Fundamentally, gold faces pressure from a firmer USD and rising real yields, which could accelerate selling momentum.
Pattern: Bearish Pennant
Sell Entry: Below $3,275
Targets:
* Target 1 – $3,260
* Target 2 – $3,240
* Target 3 – $3,200
Bias: Bearish
Trade Status: Setup forming – trade inactive until confirmed breakdown
Disclaimer: This is not financial advice. Please conduct your own research and manage risk accordingly.
Support: If you found this helpful, like and follow for more trade ideas!
Fundamentally, gold faces pressure from a firmer USD and rising real yields, which could accelerate selling momentum.
Pattern: Bearish Pennant
Sell Entry: Below $3,275
Targets:
* Target 1 – $3,260
* Target 2 – $3,240
* Target 3 – $3,200
Bias: Bearish
Trade Status: Setup forming – trade inactive until confirmed breakdown
Disclaimer: This is not financial advice. Please conduct your own research and manage risk accordingly.
Support: If you found this helpful, like and follow for more trade ideas!
Trade active
Trade Active:Sell position activated at $3,279 following bearish pennant breakdown. Monitoring price action toward targets at $3,260, $3,240, and $3,200.
Trade closed: target reached
Trade Clossed Gold Reached $3230 -Trade Closed With Traget Achieved 600+ Pips, Bearish Pennanat played Out As Expected. Must Like Ane Comment Follow me For More Profitable ideas
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t.me/+rTQmlGBcbsk1YjI0
Our Channel
t.me/+sx2UuhofKsE4ODY0
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.