🚨 **XAUUSD – Major Rejection Incoming?** 🚨
📉 *Golden Setup Alert – April 14, 2025*
Gold (XAUUSD) is currently showing **clear signs of exhaustion** at the top of a well-respected ascending channel on the 4H chart. After a sharp bullish rally, price is now facing **resistance near $3,235**, failing to break higher and showing early signs of a potential reversal. 👀
### 🔍 Technical Breakdown:
- 🔺 **Ascending Channel:** Price has been respecting the rising channel structure — higher highs & higher lows.
- 📌 **Rejection at Upper Boundary:** The latest candle suggests **bearish pressure** right at the top of the channel.
- 📉 **Expected Retracement:** The projection indicates a move toward **$3,135**, then potentially **$3,100** — a key demand zone and midpoint of the channel.
- 🔄 **Break Below $3,135** would confirm bearish momentum.
---
### 📲 *Trader’s Takeaway:*
Now is the time to **watch closely for confirmation** of a reversal. If bearish momentum kicks in, we could see a clean short opportunity all the way to the mid-channel zone. Great R:R setup loading!
💡 *Risk Management is key — patience pays profits!*
📉 *Golden Setup Alert – April 14, 2025*
Gold (XAUUSD) is currently showing **clear signs of exhaustion** at the top of a well-respected ascending channel on the 4H chart. After a sharp bullish rally, price is now facing **resistance near $3,235**, failing to break higher and showing early signs of a potential reversal. 👀
### 🔍 Technical Breakdown:
- 🔺 **Ascending Channel:** Price has been respecting the rising channel structure — higher highs & higher lows.
- 📌 **Rejection at Upper Boundary:** The latest candle suggests **bearish pressure** right at the top of the channel.
- 📉 **Expected Retracement:** The projection indicates a move toward **$3,135**, then potentially **$3,100** — a key demand zone and midpoint of the channel.
- 🔄 **Break Below $3,135** would confirm bearish momentum.
---
### 📲 *Trader’s Takeaway:*
Now is the time to **watch closely for confirmation** of a reversal. If bearish momentum kicks in, we could see a clean short opportunity all the way to the mid-channel zone. Great R:R setup loading!
💡 *Risk Management is key — patience pays profits!*
Certified Market Technician
WA: +33755531401
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WA: +33755531401
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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.
Certified Market Technician
WA: +33755531401
marketinvestopedia.com/
WA: +33755531401
marketinvestopedia.com/
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.