🔻 XAU/USD Bearish Setup – Volume Profile Rejection & Momentum Divergence
Gold (XAU/USD) has retested the key supply zone around $3,327–$3,330, where a high volume node on the visible range volume profile aligns with previous price rejection. Despite the recent bullish rally, the momentum histogram shows early signs of weakness, suggesting a possible short-term top.
📉 Entry: $3,327.96
🎯 Target: $3,194.09
🛑 Stop-Loss: $3,367.34
⚖️ Risk/Reward Ratio: 3.46
Confluence Factors:
Strong rejection at prior resistance with high volume concentration
Bearish MACD histogram divergence developing
Price struggling to sustain above POC (Point of Control)
If momentum confirms with a lower high or bearish engulfing candle, this setup offers a solid risk-managed short opportunity.
Gold (XAU/USD) has retested the key supply zone around $3,327–$3,330, where a high volume node on the visible range volume profile aligns with previous price rejection. Despite the recent bullish rally, the momentum histogram shows early signs of weakness, suggesting a possible short-term top.
📉 Entry: $3,327.96
🎯 Target: $3,194.09
🛑 Stop-Loss: $3,367.34
⚖️ Risk/Reward Ratio: 3.46
Confluence Factors:
Strong rejection at prior resistance with high volume concentration
Bearish MACD histogram divergence developing
Price struggling to sustain above POC (Point of Control)
If momentum confirms with a lower high or bearish engulfing candle, this setup offers a solid risk-managed short opportunity.
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.
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.