XAUUSD Analysis by Livia
Gold has broken down the uptrend line with a strong bearish candle on the 1H timeframe — clear sell pressure in the market.
Current Plan:
Waiting for retracement towards the resistance level at #3366 for a perfect sell entry.
Technical Targets:
1st Target: #3293
2nd Target: #3263
3rd Target: #3194
4th Target: #3162
Final Target: #2977
Additional Confirmations:
#Double Top formation supports further selling pressure.
#DEMA support has been broken down, adding to the bearish momentum.
#Conclusion:
Looking for strong sell setups after retracement. Stick to your risk management!
#Like #share #comment #follow
Gold has broken down the uptrend line with a strong bearish candle on the 1H timeframe — clear sell pressure in the market.
Current Plan:
Waiting for retracement towards the resistance level at #3366 for a perfect sell entry.
Technical Targets:
1st Target: #3293
2nd Target: #3263
3rd Target: #3194
4th Target: #3162
Final Target: #2977
Additional Confirmations:
#Double Top formation supports further selling pressure.
#DEMA support has been broken down, adding to the bearish momentum.
#Conclusion:
Looking for strong sell setups after retracement. Stick to your risk management!
#Like #share #comment #follow
Note
if it has retracement the resistance than confirm sell Trade active
Trade closed: target reached
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Related publications
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.