Timeframe: 30-Minute
Gold is showing signs of rejection near the resistance zone around $3,236, following a failure to break higher. Price action confirms a bearish reversal signal, aligning with technical resistance from the recent high and a potential overbought condition.
Sell Setup Details:
Entry: ~$3,236
Stop Loss: ~$3,253 (above resistance)
Target Zone: ~$3,204
Bias: Bearish (Short-Term)
Technical & Fundamental Confluence:
Resistance rejection confirmed by price action
Bearish engulfing pattern and failure to hold support
Stronger USD and rising Treasury yields continue to pressure gold
Traders cautious ahead of upcoming economic data (e.g., Fed minutes or inflation reports)
This setup targets a quick intraday move, ideal for short-term traders looking to capitalize on rejection from key levels.
Call to Action:
👉 Follow for alerts on breakout/breakdown scenarios.
👉 Share this analysis to empower others with data-driven decisions.
Engage with My Latest Trading Setup & Share Insights!
NOTE: This is not financial advice. Trade at your own risk.
Support: Like & follow for more trade ideas!
Gold is showing signs of rejection near the resistance zone around $3,236, following a failure to break higher. Price action confirms a bearish reversal signal, aligning with technical resistance from the recent high and a potential overbought condition.
Sell Setup Details:
Entry: ~$3,236
Stop Loss: ~$3,253 (above resistance)
Target Zone: ~$3,204
Bias: Bearish (Short-Term)
Technical & Fundamental Confluence:
Resistance rejection confirmed by price action
Bearish engulfing pattern and failure to hold support
Stronger USD and rising Treasury yields continue to pressure gold
Traders cautious ahead of upcoming economic data (e.g., Fed minutes or inflation reports)
This setup targets a quick intraday move, ideal for short-term traders looking to capitalize on rejection from key levels.
Call to Action:
👉 Follow for alerts on breakout/breakdown scenarios.
👉 Share this analysis to empower others with data-driven decisions.
Engage with My Latest Trading Setup & Share Insights!
NOTE: This is not financial advice. Trade at your own risk.
Support: Like & follow for more trade ideas!
Trade active
Sell trade Active From 3236 target 3204 
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.