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.
Hashtags to boost visibility:
#Gold #XAUUSD #ForexTrading #PriceAction #BearishSetup #TrendlineBreak #TechnicalAnalysis #SmartMoney #TradingViewIdeas
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.
Hashtags to boost visibility:
#Gold #XAUUSD #ForexTrading #PriceAction #BearishSetup #TrendlineBreak #TechnicalAnalysis #SmartMoney #TradingViewIdeas
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.
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.