Gold (XAU/USD) Short Setup – Supply Zone Rejection with Bearish Continuation Potential
Gold has reached a major resistance at the 3,235–3,240 supply zone, where price previously sold off. The 4H chart shows early signs of rejection, supported by a strong Risk/Reward ratio of 3.59, offering a short trade setup targeting the lower demand zone around 3,124.
📉 Entry: 3,235.84
🎯 Target: 3,124.57
🛑 Stop Loss: 3,267.17
📊 Risk/Reward Ratio: 3.59
📆 Expected Duration: ~4 days
📌 Technical Highlights:
Volume Profile Resistance: Rejection from high-volume node and historical sell zone.
Bearish Structure Intact: Lower high confirmed if price fails to close above 3,240.
SQZMOM Indicator: Momentum turning green, but within a bearish trend context — indicating short opportunity after exhaustion.
Clean downside range: Between 3,221 and 3,123, offering over 100-point swing.
Gold has reached a major resistance at the 3,235–3,240 supply zone, where price previously sold off. The 4H chart shows early signs of rejection, supported by a strong Risk/Reward ratio of 3.59, offering a short trade setup targeting the lower demand zone around 3,124.
📉 Entry: 3,235.84
🎯 Target: 3,124.57
🛑 Stop Loss: 3,267.17
📊 Risk/Reward Ratio: 3.59
📆 Expected Duration: ~4 days
📌 Technical Highlights:
Volume Profile Resistance: Rejection from high-volume node and historical sell zone.
Bearish Structure Intact: Lower high confirmed if price fails to close above 3,240.
SQZMOM Indicator: Momentum turning green, but within a bearish trend context — indicating short opportunity after exhaustion.
Clean downside range: Between 3,221 and 3,123, offering over 100-point swing.
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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.