XAUUSD sell setup 1h time frame
Gold (XAU/USD) has broken below a key ascending trendline support, indicating potential bearish momentum. The price is currently retesting the broken trendline area, which could act as resistance. If rejection holds, the downside targets are:
1st Target: Around \$3,250–\$3,249
2nd Target: Around \$3,204
The chart also shows a bearish structure with lower highs and lower lows forming, supporting the short-term bearish outlook.
Gold (XAU/USD) has broken below a key ascending trendline support, indicating potential bearish momentum. The price is currently retesting the broken trendline area, which could act as resistance. If rejection holds, the downside targets are:
1st Target: Around \$3,250–\$3,249
2nd Target: Around \$3,204
The chart also shows a bearish structure with lower highs and lower lows forming, supporting the short-term bearish outlook.
Trade active
congratulation 1st target achieved 3250
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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.