May be consoldation Market bearish in downfall .
✅ Overall Setup:
The chart shows a potential short (sell) setup for Gold after price has completed a bullish corrective move and is now expected to reject from a key resistance zone.
Current bias: Bearish below Resistance Zone
Trade Setup :
Entry: Below 3337 (after confirmation preferred)
Stop Loss: Above 3351
Target 1: 3310
Final Target: 3293
Key Elements:
Resistance Zone: Highlighted in green around the 3345–3360 area. Price has reached this zone after forming a bullish "V" recovery from the support area. This zone acted as previous structure resistance. Support Area: Around the 3290–3305 region.
Price reacted from this zone and started the bullish move. Stop Loss & Entry : Entry is suggested just below the resistance zone (around 3337 area). Stop Loss is placed above the recent highs (~3351), to protect against invalidation.
Targets: Target 1: Around 3310 area, near minor support and structure level. Final Target: Around 3293 area, aligning with previous strong support.
Additional Technical Observations:
✔ Bearish Rejection Candle Seen:
Price attempted to break the resistance zone but rejected, forming potential for downside.
✔ Structure Analysis:
Market is still in a larger bearish structure overall, despite the short-term bullish move.
✔ Risk-Reward:
Setup shows a favorable risk-reward ratio if price respects the resistance zone.
✔ Confirmation Needed:
It would be ideal to wait for clear bearish price action confirmation (like bearish engulfing, rejection wicks) before entering.
✅ Overall Setup:
The chart shows a potential short (sell) setup for Gold after price has completed a bullish corrective move and is now expected to reject from a key resistance zone.
Current bias: Bearish below Resistance Zone
Trade Setup :
Entry: Below 3337 (after confirmation preferred)
Stop Loss: Above 3351
Target 1: 3310
Final Target: 3293
Key Elements:
Resistance Zone: Highlighted in green around the 3345–3360 area. Price has reached this zone after forming a bullish "V" recovery from the support area. This zone acted as previous structure resistance. Support Area: Around the 3290–3305 region.
Price reacted from this zone and started the bullish move. Stop Loss & Entry : Entry is suggested just below the resistance zone (around 3337 area). Stop Loss is placed above the recent highs (~3351), to protect against invalidation.
Targets: Target 1: Around 3310 area, near minor support and structure level. Final Target: Around 3293 area, aligning with previous strong support.
Additional Technical Observations:
✔ Bearish Rejection Candle Seen:
Price attempted to break the resistance zone but rejected, forming potential for downside.
✔ Structure Analysis:
Market is still in a larger bearish structure overall, despite the short-term bullish move.
✔ Risk-Reward:
Setup shows a favorable risk-reward ratio if price respects the resistance zone.
✔ Confirmation Needed:
It would be ideal to wait for clear bearish price action confirmation (like bearish engulfing, rejection wicks) before entering.
Trade active
congratulation our target 1 has been successfully hit on analysis around 150+ pips is in runnig profit be active guys and all signals are available in our VIP premium.Trade closed: stop reached
Sorry guys Stop Loss hit our chart analysis and ready for next target.
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Best Analysis xauuad single
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VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+iLAu1r1c9PJiY2Nk
t.me/+eZQd8QWqqvA5YzRk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+iLAu1r1c9PJiY2Nk
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.