Gold Rejection at Key Resistance – High-Probability Sell Setup

15 Apr

ROSY REPORT

Gold (XAU/USD), showing recent price action and a forecast marked by a red arrow. Here's the breakdown:

Key Zones:

Resistance Zone (Red box at top): Around $3,230, price has been rejected here multiple times. This is a strong supply zone, indicating sellers are active.

Support Zone (Green box at bottom): Around $3,212–$3,215, this has held as a demand zone where buyers previously stepped in.


Current Price Action:

Price is at $3,228.400, just under the resistance zone.

A bearish red arrow suggests the expectation is for price to fall from here back to the support zone.

The recent wick rejections and choppy structure under resistance hint at seller dominance.


Interpretation:

Bearish Bias: The analyst expects price to drop due to rejection from the resistance area.

Possible sell entry at or near $3,228–$3,230.

Target: $3,215–$3,212.

Stop-loss would likely be above $3,231 to protect from a breakout.

15 Apr

Dagangan aktif

16 Apr

Nota

Chart Analysis (Gold 1H)

1. Initial Setup:

There was a strong resistance zone around 3240–3250 (highlighted in red).

Price had tested this area multiple times previously, making it a valid zone to watch for a breakout or rejection.



2. Breakout:

Price broke above the resistance with strong bullish momentum.

The breakout candle was decisive, with high volume (judging by the size of the candle).



3. Sell Signal:

A short/sell signal was likely given just after the breakout, possibly expecting a fakeout or retest failure.

However, price kept pushing higher and hit SL (Stop Loss)—this confirms that it was a true breakout and not a fake one.



4. Current Price Action:

After hitting a local high (~3275), the price is now pulling back.

The key zone to watch now is 3245–3250. If it holds, this previous resistance might act as support.




Conclusion:

First sell failed because the breakout was strong and valid.

Price is now in a pullback phase—this could offer a better long opportunity if the support holds.

Avoid counter-trend entries without confirmation, especially post-breakout.