Hi traders! Analyzing XAU/USD on the 1H timeframe, price is rejecting from a key resistance inside the descending channel.
🔹 Entry: 3,318
🔹 TP: 3,271
🔹 SL: 3,369
Gold is respecting the upper trendline of the downtrend channel, and momentum remains weak. After a small bounce, sellers have stepped in again, suggesting a possible continuation to the downside.
RSI remains below the 50 mark, favoring bearish pressure. A break below 3,300 could confirm acceleration towards the target zone at 3,271.
Watching closely for bearish continuation signals!
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
🔹 Entry: 3,318
🔹 TP: 3,271
🔹 SL: 3,369
Gold is respecting the upper trendline of the downtrend channel, and momentum remains weak. After a small bounce, sellers have stepped in again, suggesting a possible continuation to the downside.
RSI remains below the 50 mark, favoring bearish pressure. A break below 3,300 could confirm acceleration towards the target zone at 3,271.
Watching closely for bearish continuation signals!
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
Trade fechado: objetivo atingido
🔥
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🔥 Top indicators I personally use 👇
tinyurl.com/36vkfjm9
tinyurl.com/36vkfjm9
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.