Gold (XAU/USD) has printed a clean bearish setup on the 4H timeframe.
Price got rejected multiple times from the 3,360–3,380 Area of Interest (AOI), forming a solid resistance zone. After failing to break higher, it created a descending triangle, signaling weakening bullish momentum and increasing seller strength.
We’ve now seen a break and retest of the triangle support, aligning perfectly with the AOI. I’ve taken a short position from this level, anticipating continuation toward the next major demand zone around 3,201.65.
🟢 Confluences:
Strong rejection from AOI
Lower highs confirming bearish pressure
Break + retest of triangle support
Clean R:R > 2:1
📉 Trade Parameters:
Entry: ~3,335
Stop Loss: ~3,375 (above structure)
Take Profit: ~3,201
Let’s see if momentum carries this setup through. Always manage your risk.
#XAUUSD #Gold #PriceAction #ShortSetup #ResistanceRejection #DescendingTriangle #TechnicalAnalysis #4HChart #SwingTrade #BearishBias
Price got rejected multiple times from the 3,360–3,380 Area of Interest (AOI), forming a solid resistance zone. After failing to break higher, it created a descending triangle, signaling weakening bullish momentum and increasing seller strength.
We’ve now seen a break and retest of the triangle support, aligning perfectly with the AOI. I’ve taken a short position from this level, anticipating continuation toward the next major demand zone around 3,201.65.
🟢 Confluences:
Strong rejection from AOI
Lower highs confirming bearish pressure
Break + retest of triangle support
Clean R:R > 2:1
📉 Trade Parameters:
Entry: ~3,335
Stop Loss: ~3,375 (above structure)
Take Profit: ~3,201
Let’s see if momentum carries this setup through. Always manage your risk.
#XAUUSD #Gold #PriceAction #ShortSetup #ResistanceRejection #DescendingTriangle #TechnicalAnalysis #4HChart #SwingTrade #BearishBias
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.