Based on the trading analysis chart published by NaviPips on TradingView.com on June 20, 2025, at 23:09 UTC+5:30, here’s a recommendation for a sell area to take a short position on XAU/USD (Gold Spot / U.S. Dollar) as of 11:17 PM IST on June 20, 2025. The chart provides a 4-hour timeframe with key support and resistance levels, aligned with recent price action and technical patterns.
Context and Technical Analysis
Current Price: The chart shows XAU/USD with an open of $3,371.525, a high of $3,371.790, a low of $3,368.065, and a close of $3,369.115, reflecting a slight decline of -0.07% for the period. This suggests a consolidation phase near the current level of approximately $3,369–$3,371.
Resistance Zone: A significant resistance zone is identified between $3,425.000 and $3,457.047, marked by a red shaded area where price has previously faced rejection. This aligns with a potential triple top formation, indicating strong selling pressure at these levels.
Support Zones: Multiple support levels are outlined:
Support 1: $3,250.000–$3,275.000, a key area where price may find initial buying interest.
Support 2: $3,150.000–$3,169.121, a deeper support zone if the decline accelerates.
Support 3: $3,100.000, a psychological and technical level for a potential bottom.
Trend and Pattern: The chart features a descending triangle pattern, with a downward-sloping trendline connecting recent highs (e.g., around $3,425) and a horizontal support near $3,250–$3,275. A break below this support could confirm a bearish move.
Volume and Momentum: The chart includes volume bars and a momentum indicator (not fully detailed), but the price rejection at higher levels suggests fading bullish momentum, supporting a short opportunity.
Sell Area for Short Position
The optimal sell area for a short position on XAU/USD is in the $3,425–$3,457 resistance zone. This recommendation is based on:
Resistance Confirmation: The red shaded area on the chart indicates a strong resistance where XAU/USD has repeatedly failed to break through, forming a triple top. A retest of this zone (e.g., after a bounce from current levels) offers a high-probability entry for a short.
Trendline Rejection: The descending trendline intersecting near $3,425 suggests that a rejection here would reinforce bearish momentum.
Current Price Context: With XAU/USD currently at $3,369–$3,371, a move back toward $3,425–$3,457 (potentially driven by short-term profit-taking or a weaker dollar pause) would align with the chart’s resistance setup.
Trading Strategy
Entry Zone: Sell XAU/USD on a 4-hour candle close below $3,425 or after a clear rejection (e.g., a bearish candlestick pattern) at $3,435–$3,457. This confirms resistance holding and initiates the downward move.
Target Levels:
Target 1: $3,250–$3,275 (first support zone, as marked on the chart).
Target 2: $3,150–$3,169 (secondary support for a deeper correction).
Target 3: $3,100 (final support if bearish momentum strengthens).
Stop Loss: Place above $3,460 (just above the resistance high) or $3,470 (tighter risk management) to protect against a breakout above the triangle.
Risk Management: Use a risk-reward ratio of at least 1:2. For example, risking 15–25 pips ($3,435–$3,460 stop loss) to target 50–75 pips ($3,250–$3,275). Adjust lot size based on your risk tolerance (e.g., 1% of account per trade).
Confirmation: Wait for a 4-hour candle close below $3,425 or a rejection signal (e.g., shooting star or bearish engulfing) at $3,435–$3,457 to avoid false breakouts. Monitor volume for increased selling pressure.
Rationale
Powell’s Speech Impact: Following Jerome Powell’s June 18, 2025, speech, where he projected only two 0.25% rate cuts for 2025 with a data-dependent stance, the U.S. dollar may remain supported, pressuring gold downward from resistance levels like $3,425–$3,457.
Technical Setup: The descending triangle and triple top at $3,425–$3,457 indicate a high likelihood of a reversal, with support targets at $3,250–$3,275 aligning with the chart’s levels.
Market Context: The slight decline to $3,369 and consolidation suggest a pause before a potential retest of resistance, offering a strategic short entry.
Risks and Considerations
Breakout Risk: A strong bullish candle above $3,457 could invalidate the short setup, potentially targeting higher levels. Tight stop losses are critical.
Geopolitical Factors: Ongoing Middle East tensions could drive safe-haven buying, pushing XAU/USD above resistance. Monitor news for sudden spikes.
Data Events: Upcoming U.S. economic data (e.g., retail sales) could influence dollar strength and gold prices, requiring real-time adjustments.
Conclusion
The recommended sell area for a short position on XAU/USD on June 20, 2025, is $3,425–$3,457, with a 4-hour candle close below $3,425 or rejection at $3,435–$3,457 as confirmation. Target $3,250–$3,275, $3,150–$3,169, and $3,100, with a stop loss above $3,460. This strategy leverages the chart’s resistance zone and Powell’s cautious rate cut outlook. Practice proper risk management due to gold’s volatility.
If you’d like a chart to visualize these levels further or additional analysis, let me know!
Context and Technical Analysis
Current Price: The chart shows XAU/USD with an open of $3,371.525, a high of $3,371.790, a low of $3,368.065, and a close of $3,369.115, reflecting a slight decline of -0.07% for the period. This suggests a consolidation phase near the current level of approximately $3,369–$3,371.
Resistance Zone: A significant resistance zone is identified between $3,425.000 and $3,457.047, marked by a red shaded area where price has previously faced rejection. This aligns with a potential triple top formation, indicating strong selling pressure at these levels.
Support Zones: Multiple support levels are outlined:
Support 1: $3,250.000–$3,275.000, a key area where price may find initial buying interest.
Support 2: $3,150.000–$3,169.121, a deeper support zone if the decline accelerates.
Support 3: $3,100.000, a psychological and technical level for a potential bottom.
Trend and Pattern: The chart features a descending triangle pattern, with a downward-sloping trendline connecting recent highs (e.g., around $3,425) and a horizontal support near $3,250–$3,275. A break below this support could confirm a bearish move.
Volume and Momentum: The chart includes volume bars and a momentum indicator (not fully detailed), but the price rejection at higher levels suggests fading bullish momentum, supporting a short opportunity.
Sell Area for Short Position
The optimal sell area for a short position on XAU/USD is in the $3,425–$3,457 resistance zone. This recommendation is based on:
Resistance Confirmation: The red shaded area on the chart indicates a strong resistance where XAU/USD has repeatedly failed to break through, forming a triple top. A retest of this zone (e.g., after a bounce from current levels) offers a high-probability entry for a short.
Trendline Rejection: The descending trendline intersecting near $3,425 suggests that a rejection here would reinforce bearish momentum.
Current Price Context: With XAU/USD currently at $3,369–$3,371, a move back toward $3,425–$3,457 (potentially driven by short-term profit-taking or a weaker dollar pause) would align with the chart’s resistance setup.
Trading Strategy
Entry Zone: Sell XAU/USD on a 4-hour candle close below $3,425 or after a clear rejection (e.g., a bearish candlestick pattern) at $3,435–$3,457. This confirms resistance holding and initiates the downward move.
Target Levels:
Target 1: $3,250–$3,275 (first support zone, as marked on the chart).
Target 2: $3,150–$3,169 (secondary support for a deeper correction).
Target 3: $3,100 (final support if bearish momentum strengthens).
Stop Loss: Place above $3,460 (just above the resistance high) or $3,470 (tighter risk management) to protect against a breakout above the triangle.
Risk Management: Use a risk-reward ratio of at least 1:2. For example, risking 15–25 pips ($3,435–$3,460 stop loss) to target 50–75 pips ($3,250–$3,275). Adjust lot size based on your risk tolerance (e.g., 1% of account per trade).
Confirmation: Wait for a 4-hour candle close below $3,425 or a rejection signal (e.g., shooting star or bearish engulfing) at $3,435–$3,457 to avoid false breakouts. Monitor volume for increased selling pressure.
Rationale
Powell’s Speech Impact: Following Jerome Powell’s June 18, 2025, speech, where he projected only two 0.25% rate cuts for 2025 with a data-dependent stance, the U.S. dollar may remain supported, pressuring gold downward from resistance levels like $3,425–$3,457.
Technical Setup: The descending triangle and triple top at $3,425–$3,457 indicate a high likelihood of a reversal, with support targets at $3,250–$3,275 aligning with the chart’s levels.
Market Context: The slight decline to $3,369 and consolidation suggest a pause before a potential retest of resistance, offering a strategic short entry.
Risks and Considerations
Breakout Risk: A strong bullish candle above $3,457 could invalidate the short setup, potentially targeting higher levels. Tight stop losses are critical.
Geopolitical Factors: Ongoing Middle East tensions could drive safe-haven buying, pushing XAU/USD above resistance. Monitor news for sudden spikes.
Data Events: Upcoming U.S. economic data (e.g., retail sales) could influence dollar strength and gold prices, requiring real-time adjustments.
Conclusion
The recommended sell area for a short position on XAU/USD on June 20, 2025, is $3,425–$3,457, with a 4-hour candle close below $3,425 or rejection at $3,435–$3,457 as confirmation. Target $3,250–$3,275, $3,150–$3,169, and $3,100, with a stop loss above $3,460. This strategy leverages the chart’s resistance zone and Powell’s cautious rate cut outlook. Practice proper risk management due to gold’s volatility.
If you’d like a chart to visualize these levels further or additional analysis, let me know!
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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.