Title: XAUUSD Bearish Setup | OB & FVG Confluence | Targeting 3230
๐ Analysis Overview (4H Timeframe)
Gold (XAUUSD) is currently in a clear downtrend, confirmed by lower highs and lower lows. Recent price action shows strong bearish momentum with confluences of key Bearish Order Blocks (OBs) and Fair Value Gaps (FVGs) forming ideal trade setups.
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๐ Key Technical Zones
๐ด Bearish OB: 3355โ3370
๐ง FVG: 3340โ3355
๐ต Sell Entry Zone: 3300โ3310
โ Stop Loss: Above 3330
๐ข Bullish OB (Buy Zone): 3255โ3265
๐ง Lower FVG (Potential Reaction Area): 3285โ3295
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๐ฏ Take Profits
TP1: 3270
TP2: 3255
TP3: 3230
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๐ก Trade Idea
Entering short near the 3300โ3310 area, which aligns with a previous FVG and resistance area. Strong OB and FVG confluence above make 3330 a logical SL. The downside has clean imbalances and OBs to support price delivery lower.
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๐ Bias: Bearish
โฑ๏ธ Timeframe: 4H
๐ Risk-Reward: Favorable with minimal drawdown near OB rejection zone.
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๐ฌ Drop your thoughts below or agree if this aligns with your view!
#XAUUSD #Gold #SmartMoney #ICT #FVG #OrderBlock #PriceAction #TradingViewIdeas
๐ Analysis Overview (4H Timeframe)
Gold (XAUUSD) is currently in a clear downtrend, confirmed by lower highs and lower lows. Recent price action shows strong bearish momentum with confluences of key Bearish Order Blocks (OBs) and Fair Value Gaps (FVGs) forming ideal trade setups.
---
๐ Key Technical Zones
๐ด Bearish OB: 3355โ3370
๐ง FVG: 3340โ3355
๐ต Sell Entry Zone: 3300โ3310
โ Stop Loss: Above 3330
๐ข Bullish OB (Buy Zone): 3255โ3265
๐ง Lower FVG (Potential Reaction Area): 3285โ3295
---
๐ฏ Take Profits
TP1: 3270
TP2: 3255
TP3: 3230
---
๐ก Trade Idea
Entering short near the 3300โ3310 area, which aligns with a previous FVG and resistance area. Strong OB and FVG confluence above make 3330 a logical SL. The downside has clean imbalances and OBs to support price delivery lower.
---
๐ Bias: Bearish
โฑ๏ธ Timeframe: 4H
๐ Risk-Reward: Favorable with minimal drawdown near OB rejection zone.
---
๐ฌ Drop your thoughts below or agree if this aligns with your view!
#XAUUSD #Gold #SmartMoney #ICT #FVG #OrderBlock #PriceAction #TradingViewIdeas
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.