Gold Analysis: Bearish Setup Forming Below Key Trendline Resista
we executive a sell setup of XAUUSD 4-hour time frame
The chart shows a clear descending trendline acting as resistance for XAUUSD on the 4-hour timeframe. Price is currently testing this trendline again, but has not yet broken above it.
Key points:
Price has rejected this trendline multiple times (marked with red arrows).
The current setup suggests waiting for bearish confirmation before entering a sell.
If confirmed, the first downside target is around 3,280, and the second target is near 3,207.
A break and retest below the short-term support would further validate the bearish move.
The chart shows a clear descending trendline acting as resistance for XAUUSD on the 4-hour timeframe. Price is currently testing this trendline again, but has not yet broken above it.
Key points:
Price has rejected this trendline multiple times (marked with red arrows).
The current setup suggests waiting for bearish confirmation before entering a sell.
If confirmed, the first downside target is around 3,280, and the second target is near 3,207.
A break and retest below the short-term support would further validate the bearish move.
Trade active
Congratulations 1st target achieved 
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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.
🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.