Gold Futures (GC1!) 1H – Bearish Rejection Setup
Price showed a strong bullish impulse followed by a rejection near the 3,416 resistance zone, forming a lower high and signaling potential exhaustion of buyers. After grabbing liquidity above the previous high, it failed to hold above the zone and retraced back below a key structure level around 3,406.
This setup aligns with a classic breakout and retest, now acting as resistance. I entered a short position after confirmation of bearish price action, targeting the demand zone around 3,372–3,368. Stop loss is placed just above the high at 3,416.8.
Price showed a strong bullish impulse followed by a rejection near the 3,416 resistance zone, forming a lower high and signaling potential exhaustion of buyers. After grabbing liquidity above the previous high, it failed to hold above the zone and retraced back below a key structure level around 3,406.
This setup aligns with a classic breakout and retest, now acting as resistance. I entered a short position after confirmation of bearish price action, targeting the demand zone around 3,372–3,368. Stop loss is placed just above the high at 3,416.8.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.