🔻 XAU/USD 4H Analysis – Rejection From Key Resistance Zone
Gold (XAU/USD) has once again rejected the $3,333–$3,336 resistance, a level aligned with a previous supply zone and high-volume node. The price action shows a clean bearish reaction with weakening momentum on the histogram, suggesting downside potential.
📉 Entry: $3,333.99
🎯 Target: $3,198.44
🛑 Stop-Loss: $3,366.86
⚖️ Risk/Reward Ratio: 3.79
Bearish Confluence:
Price rejection from previously tested resistance
Bearish MACD histogram divergence forming
Favorable risk/reward structure toward a clean demand zone
Gold (XAU/USD) has once again rejected the $3,333–$3,336 resistance, a level aligned with a previous supply zone and high-volume node. The price action shows a clean bearish reaction with weakening momentum on the histogram, suggesting downside potential.
📉 Entry: $3,333.99
🎯 Target: $3,198.44
🛑 Stop-Loss: $3,366.86
⚖️ Risk/Reward Ratio: 3.79
Bearish Confluence:
Price rejection from previously tested resistance
Bearish MACD histogram divergence forming
Favorable risk/reward structure toward a clean demand zone
GODO Capital Markets
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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.
GODO Capital Markets
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.