#XAUUSD: Major Selling Move Coming! Get Ready!

Sep 3

🔺Gold’s recent rise appears to have weakened after price reached the 4,676.19 premium selling zone. From that high, the market formed a Change of Character (CHoCH), meaning the previous price behavior began to shift, followed by a bearish Break of Structure (BOS), meaning price broke below an important previous low. These signals suggest that sellers have short-term control.

🔺The sharp drop toward 4,283.36 left an imbalance, which is an area where price moved quickly and did not trade evenly. Price is now retracing, or moving back, into this area.

🔺XAUUSD is trading near 4,479, inside the first possible supply zone around 4,470–4,510. A supply zone is an area where sellers may be waiting to enter. For now, this upward move looks more like a temporary correction than the start of a new bullish trend.

Bearish Trade Scenarios

First selling opportunity:

🔺A clear bearish rejection from 4,470–4,510 could lead to another move lower. Retail traders should wait for confirmation before entering. Possible confirmation includes a rejection candle, a bearish engulfing pattern, a lower-timeframe CHoCH or a new bearish BOS.

Secondary selling opportunity:

🔺If price moves above the first zone, the next important supply area is around 4,540–4,580. This zone could produce a stronger reaction because it is linked to the earlier sharp bearish move.

Downside Targets

* First target: 4,399.50 – the nearest support area and a possible place to take partial profit.
* Second target: 4,283.36 – the recent swing low and an important liquidity level.
* Third target: 4,106.85 – the larger downside target if sellers remain in control.

Invalidation

🔺An 8-hour close above the secondary supply zone would weaken the short-term bearish setup. A strong move above 4,676.19 would invalidate the broader bearish view and suggest that buyers have regained control.

Retail Trader Takeaway

🔺This is a sell-the-retracement setup, not a signal to sell immediately at the current price. The better opportunity may come if price reaches one of the supply zones and then shows clear bearish confirmation.

🔺Use a stop-loss above the rejection swing, limit your risk and consider taking partial profits at each target. Avoid entering solely because price has reached a zone; wait for evidence that sellers are actually responding.

LIKE AND COMMENT ❤️

THE SETUPSFX_ TEAM

Sep 4

Trade active

Target one hit successfully +1233 Pips From our entry zone! Get ready For further drop