Gold Spot / U.S. Dollar
Short
Updated

Gold Sell Setup at Resistance – Targeting 3329, 3300, and 3282

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Gold (XAUUSD) is currently testing a resistance zone around the 3381 level. The chart highlights a potential sell zone within this resistance area, suggesting a bearish reversal may occur if confirmed by price action. The strategy advises waiting for bearish confirmation before entering a sell trade. If rejection is confirmed, the price could target the 1st sell target at 3329, followed by a deeper move toward the 2nd sell target at 3282. The Ichimoku cloud and volume suggest a possible shift in momentum, supporting the bearish setup if price fails to break above resistance.

Here’s a refined take-profit plan based on the chart structure:

Entry Zone: Around 3380–3385 (resistance zone, wait for bearish confirmation)

TP1: 3329 — near the first support and prior consolidation

TP2: 3300 — just above a minor support level

TP3: 3282 — aligns with the second key support level
Trade active
congratulation 1st target achieved 3329

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