๐ก Harmonic Pattern + Support Break = Bearish Confirmation ๐ป
๐ #XAU/USD Analysis | 4H Timeframe
#Gold has temporarily shifted into a bearish trend, and here's why I'm eyeing a short setup at current levels:
โ Harmonic Pattern Completion spotted on the 4H chart
โ Clear break below key support zone, now acting as resistance
โ Lower highs and lower lows forming โ confirming short-term bearish structure
๐ Entry: Current Market Price (CMP)
๐ SL: 3353.751
๐ TP Zones: 2974.632
โ ๏ธ Important Note:
If bullish divergence forms on the 1H or 4H timeframe, I will consider closing the trade early at CMP.
๐ฌ Whatโs your view on this #GOLD setup?
Would you short here or wait for a pullback?
๐ Like, share, and follow for more clean setups!
๐ฒ Comment below with your thoughts or questions โ let's discuss!
#GOLD #XAUUSD #BearishTrend #HarmonicPattern #PriceAction #SupportResistance #Forex #TradingSetup #TechnicalAnalysis #ShortTrade #RiskManagement #Divergence
๐ #XAU/USD Analysis | 4H Timeframe
#Gold has temporarily shifted into a bearish trend, and here's why I'm eyeing a short setup at current levels:
โ Harmonic Pattern Completion spotted on the 4H chart
โ Clear break below key support zone, now acting as resistance
โ Lower highs and lower lows forming โ confirming short-term bearish structure
๐ Entry: Current Market Price (CMP)
๐ SL: 3353.751
๐ TP Zones: 2974.632
โ ๏ธ Important Note:
If bullish divergence forms on the 1H or 4H timeframe, I will consider closing the trade early at CMP.
๐ฌ Whatโs your view on this #GOLD setup?
Would you short here or wait for a pullback?
๐ Like, share, and follow for more clean setups!
๐ฒ Comment below with your thoughts or questions โ let's discuss!
#GOLD #XAUUSD #BearishTrend #HarmonicPattern #PriceAction #SupportResistance #Forex #TradingSetup #TechnicalAnalysis #ShortTrade #RiskManagement #Divergence
Trade active
Trade is active, If u miss the trade its best price to sell the #GOLDTrade closed: stop reached
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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.