GOLD (XAU/USD) – Bearish Setup Building | 1H Chart

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GOLD (XAU/USD) – Bearish Setup Building | 1H Chart
After a strong bullish rally, Gold is now showing signs of exhaustion near the 3,390 zone. A break below the rising trendline could trigger a short-term correction.

Trade Idea:

Possible Reversal Zone: 3,387

Take Profit 1: 3,300 (key support level)

Take Profit 2: 3,198 (strong demand zone)


Price action is currently testing trendline support—if broken, it could open the door for a clean move down toward the marked zones.

Strategy: Watching closely for confirmation of a breakdown with volume.


For educational purposes only. Not financial advice. Always use proper risk management and do your own analysis.

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