Trade Rationale:
Gold is showing signs of short-term bearish momentum after failing to sustain above the 3310 resistance zone. Price action around this level reflects selling pressure, supported by bearish candlestick patterns and weakening bullish volume.
The 3320 mark serves as a protective stop loss, just above a key resistance level, ensuring controlled risk. A break below 3305 confirms bearish continuation toward deeper support levels at 3300 and 3290.
This setup aligns with short-term trend exhaustion and offers a favorable risk-reward ratio for intraday and short-swing traders.
XAU/USD (Gold) Sell Trade Setup – Technical Analysis
🔽 Entry Zone: 3309 – 3311
🔒 Stop Loss: 3320
🎯 Target Levels:
3304 – First Target (Minor support level; initial profit booking zone)
3300 – Second Target (Psychological level and key intraday support)
3290 – Final Target (Major support zone; potential reversal point)
Gold is showing signs of short-term bearish momentum after failing to sustain above the 3310 resistance zone. Price action around this level reflects selling pressure, supported by bearish candlestick patterns and weakening bullish volume.
The 3320 mark serves as a protective stop loss, just above a key resistance level, ensuring controlled risk. A break below 3305 confirms bearish continuation toward deeper support levels at 3300 and 3290.
This setup aligns with short-term trend exhaustion and offers a favorable risk-reward ratio for intraday and short-swing traders.
XAU/USD (Gold) Sell Trade Setup – Technical Analysis
🔽 Entry Zone: 3309 – 3311
🔒 Stop Loss: 3320
🎯 Target Levels:
3304 – First Target (Minor support level; initial profit booking zone)
3300 – Second Target (Psychological level and key intraday support)
3290 – Final Target (Major support zone; potential reversal point)
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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.
✅FREE FREE FREE XAUUSD/BTCUSD SIGNALS ALWAYS FREEEEE.
t.me/+q1vYSTtzJeExZWE0
✅JOIN MY TELEGRAM FAST:❤️
☑️ JOIN NOW t.me/iforexco
✅BEST BROKER LINK: (EXNESS)
one.exnesstrack.net/a/zzz57mij30
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.