Planned Entry (Sell Limit): $3,285
Target (TP): $3,xxx
Stop Loss (SL): $3,3xx
Timeframe Focus: H1 – H4
Setup Date: May 5–6, 2025
Gold (XAU/USD) has shown a strong retracement toward a key descending trendline formed since mid-April. The price is currently hovering around $3,256 and pushing toward the critical resistance area at $3,280–$3,290, where multiple confluences meet:
Trendline Rejection Zone:
A long-standing bearish trendline converges precisely around $3,285, signaling potential exhaustion for the current bullish retracement.
Order Block + Supply Zone:
Historical sell-offs originated in the $3,285 zone. This forms a textbook bearish order block, strengthening the case for a high-probability reversal.
Overhead Liquidity Trap:
Buy-side liquidity may be swept just above $3,280, triggering institutional profit-taking and sharp downside reaction.
Bearish RSI Divergence:
Emerging signs of divergence on H1 and H4 indicate momentum weakness despite higher highs in price.
Goodluck traders!
Target (TP): $3,xxx
Stop Loss (SL): $3,3xx
Timeframe Focus: H1 – H4
Setup Date: May 5–6, 2025
Gold (XAU/USD) has shown a strong retracement toward a key descending trendline formed since mid-April. The price is currently hovering around $3,256 and pushing toward the critical resistance area at $3,280–$3,290, where multiple confluences meet:
Trendline Rejection Zone:
A long-standing bearish trendline converges precisely around $3,285, signaling potential exhaustion for the current bullish retracement.
Order Block + Supply Zone:
Historical sell-offs originated in the $3,285 zone. This forms a textbook bearish order block, strengthening the case for a high-probability reversal.
Overhead Liquidity Trap:
Buy-side liquidity may be swept just above $3,280, triggering institutional profit-taking and sharp downside reaction.
Bearish RSI Divergence:
Emerging signs of divergence on H1 and H4 indicate momentum weakness despite higher highs in price.
Goodluck traders!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.