We executive sell setup of XAUUSD
HERE IS AN ANALYSIS ACCORDING TO THIS CHART
XAUUSD on the 4-hour timeframe shows price moving within a descending channel, suggesting a broader bearish trend. Currently, price is near the upper boundary of the channel, indicating a potential rejection zone for sellers.
The drawn projection suggests a possible short-term bounce followed by a continuation to the lower boundary of the channel. If price respects this structure, it could drop significantly, targeting levels below 3,200 and potentially near 3,100.
In summary:
Structure: Descending channel
Bias: Bearish continuation
Key Resistance: Around 3,355
Key Support Target: Around 3,100
Watch for rejection signals at the top of the channel before confirming a sell entry.
Are you liked our analysis?
HERE IS AN ANALYSIS ACCORDING TO THIS CHART
XAUUSD on the 4-hour timeframe shows price moving within a descending channel, suggesting a broader bearish trend. Currently, price is near the upper boundary of the channel, indicating a potential rejection zone for sellers.
The drawn projection suggests a possible short-term bounce followed by a continuation to the lower boundary of the channel. If price respects this structure, it could drop significantly, targeting levels below 3,200 and potentially near 3,100.
In summary:
Structure: Descending channel
Bias: Bearish continuation
Key Resistance: Around 3,355
Key Support Target: Around 3,100
Watch for rejection signals at the top of the channel before confirming a sell entry.
Are you liked our analysis?
🟡 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.
🟡 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.