Selling Pressure will result in Change of story by tapping 3950
Gold Technical Outlook
The selling pressure in Gold since the London session opened has been extremely strong. This momentum could lead to a mitigation of the major support zone around $3,950 – $3,980.
A downward parallel channel is clearly visible on the chart, providing an additional confluence for bearish momentum.
As long as the 1-hour candle does not close above $4,065, the bearish bias remains valid.
🔹 Trade Setup (Sell Plan)
Entry Zone: $4,055 – $4,060
Stop Loss: $4,072
Targets: Major support zone at $3,950 – $3,980
🧭 Bias: Strongly Bearish
💡 Watch for any break and close above $4,065 to
The selling pressure in Gold since the London session opened has been extremely strong. This momentum could lead to a mitigation of the major support zone around $3,950 – $3,980.
A downward parallel channel is clearly visible on the chart, providing an additional confluence for bearish momentum.
As long as the 1-hour candle does not close above $4,065, the bearish bias remains valid.
🔹 Trade Setup (Sell Plan)
Entry Zone: $4,055 – $4,060
Stop Loss: $4,072
Targets: Major support zone at $3,950 – $3,980
🧭 Bias: Strongly Bearish
💡 Watch for any break and close above $4,065 to
Dagangan aktif
Price showing Strong Supply at the Marked. Level mentioned above 
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.