🔻 Gold (XAU/USD) Short Setup – Rejection from High-Volume Resistance Zone
Gold is showing signs of weakness after failing to hold above the 3,210–3,220 high-volume node. The 4H timeframe displays a clean rejection from the volume shelf with confirmation from Squeeze Momentum, offering a short trade opportunity toward the lower demand zone near 3,124.
📉 Entry: 3,210.87
🎯 Target: 3,123.89
🛑 Stop Loss: 3,254.20
📊 Risk/Reward Ratio: 2.01
📆 Expected Duration: 4–6 days
📌 Technical Highlights:
Volume Profile Resistance: Price rejected from a key HVN block, signaling exhaustion near institutional levels.
Bearish Price Action: Lower high structure with failed follow-through after breakout attempt.
SQZMOM Indicator: Fading green momentum suggests early bearish transition.
Clean downside path: Low-volume zones between 3,190–3,130 can accelerate the move to target.
Gold is showing signs of weakness after failing to hold above the 3,210–3,220 high-volume node. The 4H timeframe displays a clean rejection from the volume shelf with confirmation from Squeeze Momentum, offering a short trade opportunity toward the lower demand zone near 3,124.
📉 Entry: 3,210.87
🎯 Target: 3,123.89
🛑 Stop Loss: 3,254.20
📊 Risk/Reward Ratio: 2.01
📆 Expected Duration: 4–6 days
📌 Technical Highlights:
Volume Profile Resistance: Price rejected from a key HVN block, signaling exhaustion near institutional levels.
Bearish Price Action: Lower high structure with failed follow-through after breakout attempt.
SQZMOM Indicator: Fading green momentum suggests early bearish transition.
Clean downside path: Low-volume zones between 3,190–3,130 can accelerate the move to target.
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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.