GOLD 1HOUR TECHNICAL ANALYSIS NEXT MOVE POSSIBLE

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Bearish Order Block (OB):
A key resistance zone is marked between 3,034 and 3,056. This is where strong selling previously occurred. If price revisits this zone, it may face rejection again — ideal for short entries.
• Supertrend Indicator:
The red Supertrend line indicates a bearish market condition, suggesting sellers are in control.
• Current Price Action:
Price is around 3,004 and rising toward the Bearish OB zone. Traders are watching for a rejection near this level.
• Trade Setup:
A short position is highlighted:
• Entry: Near OB zone (around 3,034)
• Stop-loss: Above 3,056 (red box)
• Take-profit: Around 2,956 (green box)
This shows a favorable risk-to-reward ratio.

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