GOLD (XAU/USD) – Bearish Setup Building | 1H Chart
After a strong bullish rally, Gold is now showing signs of exhaustion near the 3,390 zone. A break below the rising trendline could trigger a short-term correction.
Trade Idea:
Possible Reversal Zone: 3,387
Take Profit 1: 3,300 (key support level)
Take Profit 2: 3,198 (strong demand zone)
Price action is currently testing trendline support—if broken, it could open the door for a clean move down toward the marked zones.
Strategy: Watching closely for confirmation of a breakdown with volume.
For educational purposes only. Not financial advice. Always use proper risk management and do your own analysis.
Hashtags to boost visibility:
#Gold #XAUUSD #ForexTrading #PriceAction #BearishSetup #TrendlineBreak #TechnicalAnalysis #SmartMoney #TradingViewIdeas
After a strong bullish rally, Gold is now showing signs of exhaustion near the 3,390 zone. A break below the rising trendline could trigger a short-term correction.
Trade Idea:
Possible Reversal Zone: 3,387
Take Profit 1: 3,300 (key support level)
Take Profit 2: 3,198 (strong demand zone)
Price action is currently testing trendline support—if broken, it could open the door for a clean move down toward the marked zones.
Strategy: Watching closely for confirmation of a breakdown with volume.
For educational purposes only. Not financial advice. Always use proper risk management and do your own analysis.
Hashtags to boost visibility:
#Gold #XAUUSD #ForexTrading #PriceAction #BearishSetup #TrendlineBreak #TechnicalAnalysis #SmartMoney #TradingViewIdeas
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.
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.