XAU/USD 4H Analysis 🟠
Gold is currently testing the 3,333 resistance zone after a temporary pullback. With visible rejection and weak bullish momentum, I’ve entered a short position at 3,333.54.
📉 Sell Setup Details:
Entry: 3,333.54
Stop Loss: 3,346.90 (Above key structure)
Target: 3,247.63
Risk/Reward Ratio: 6.53
Target Profit: 85.91 pts (2.58%)
📊 MACD shows fading bullish strength and histogram is starting to flip.
🎯 Looking for continuation towards 3,246 support zone if price holds below VWAP.
Gold is currently testing the 3,333 resistance zone after a temporary pullback. With visible rejection and weak bullish momentum, I’ve entered a short position at 3,333.54.
📉 Sell Setup Details:
Entry: 3,333.54
Stop Loss: 3,346.90 (Above key structure)
Target: 3,247.63
Risk/Reward Ratio: 6.53
Target Profit: 85.91 pts (2.58%)
📊 MACD shows fading bullish strength and histogram is starting to flip.
🎯 Looking for continuation towards 3,246 support zone if price holds below VWAP.
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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.