Gold (XAU/USD) 4H Technical Analysis
- Price Action: Gold is trading at $2,909, consolidating below the identified selling area ($2,920 - $2,930) after a break of structure (BOS) and rejection from previous highs.
- Trend Analysis: The previous upward trendline was broken, signaling a potential bearish shift.
- Key Levels:
- Selling Area: $2,920 - $2,930 (strong resistance)
- Key Decision Zone: $2,881 (support-turned-resistance)
- Targets: $2,859 (1st target) and $2,838 (2nd target)
- Outlook: If price fails to break above the key decision area, further downside toward $2,859 and $2,838 is likely. However, a strong break above $2,920 could invalidate the bearish setup.
📉 Bearish bias unless price reclaims key resistance levels.
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- Price Action: Gold is trading at $2,909, consolidating below the identified selling area ($2,920 - $2,930) after a break of structure (BOS) and rejection from previous highs.
- Trend Analysis: The previous upward trendline was broken, signaling a potential bearish shift.
- Key Levels:
- Selling Area: $2,920 - $2,930 (strong resistance)
- Key Decision Zone: $2,881 (support-turned-resistance)
- Targets: $2,859 (1st target) and $2,838 (2nd target)
- Outlook: If price fails to break above the key decision area, further downside toward $2,859 and $2,838 is likely. However, a strong break above $2,920 could invalidate the bearish setup.
📉 Bearish bias unless price reclaims key resistance levels.
If you enjoy, press the like button.
Note
sell gold 2913, SL 2918, TP 2900.Note
Target achieved , from 2913 to 2900 , 130 pips+ profit and 1:5 risk to reward ratio.
Trade active
Trade activated after breakdown and retest done of support become resistance area, it's time to fall.Note
Congratulations guys, price start falling from 2898, let's see, just hold your trades towards target.Note
Price start falling from 2925, Note
price hit target area 2905, 200 pips+ profit booked.Trade closed: target reached
Note
2885 also a key decision area, and we booked 300 pips+ profit from 2890-2920.
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💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
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.