Gold is on Roller Coaster. Soon It Will Start to Fall
XAUUSD H4 Chart Analysis
Bearish Trend Reversal Confirmed
Key Highlights:
- Choch pattern formed after multiple Break of Structure (BOS) events
- Trend reversal from bullish to bearish confirmed
- Recent fill of Fair Value Gap observed
Market Outlook:
Gold poised for decline after filling Fair Value Gap and bouncing off Point of Interest (POI)
Trading Strategy:
- Selling Zone: 2640-2660
- Stop Loss: 2680 (above POI)
- Take Profit targets:
1. 2610
2. 2570
3. 2540
Bearish Trend Reversal Confirmed
Key Highlights:
- Choch pattern formed after multiple Break of Structure (BOS) events
- Trend reversal from bullish to bearish confirmed
- Recent fill of Fair Value Gap observed
Market Outlook:
Gold poised for decline after filling Fair Value Gap and bouncing off Point of Interest (POI)
Trading Strategy:
- Selling Zone: 2640-2660
- Stop Loss: 2680 (above POI)
- Take Profit targets:
1. 2610
2. 2570
3. 2540
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