Gold (XAU/USD) – 4-Hour Chart Technical Analysis
Gold has recently broken below the lower boundary of a rising parallel channel on the 4-hour time frame. This pattern typically signals a potential trend reversal or correction after a bullish move.
Currently trading around 3352, Gold is facing strong resistance near the 3371 level, which aligns with the upper limit of the risk zone marked on the chart.
The bearish breakout, suggests increased downside pressure. If the price continues to reject from this resistance zone, we could see a move toward the support target near 3290, marking a significant short-term decline.
Entry 3352
Stop-Loss 3371
Take-Profit Target 3290
Bearish below 3371. Traders should monitor for follow-through selling and volume confirmation.
Gold has recently broken below the lower boundary of a rising parallel channel on the 4-hour time frame. This pattern typically signals a potential trend reversal or correction after a bullish move.
Currently trading around 3352, Gold is facing strong resistance near the 3371 level, which aligns with the upper limit of the risk zone marked on the chart.
The bearish breakout, suggests increased downside pressure. If the price continues to reject from this resistance zone, we could see a move toward the support target near 3290, marking a significant short-term decline.
Entry 3352
Stop-Loss 3371
Take-Profit Target 3290
Bearish below 3371. Traders should monitor for follow-through selling and volume confirmation.
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Join my telegram channel for free signals and analysis
t.me/goldprotraderrrrr
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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.