Gold (XAU/USD) has printed a clean bearish setup on the 4H timeframe.
Price got rejected multiple times from the 3,360–3,380 Area of Interest (AOI), forming a solid resistance zone. After failing to break higher, it created a descending triangle, signaling weakening bullish momentum and increasing seller strength.
We’ve now seen a break and retest of the triangle support, aligning perfectly with the AOI. I’ve taken a short position from this level, anticipating continuation toward the next major demand zone around 3,201.65.
🟢 Confluences:
Strong rejection from AOI
Lower highs confirming bearish pressure
Break + retest of triangle support
Clean R:R > 2:1
📉 Trade Parameters:
Entry: ~3,335
Stop Loss: ~3,375 (above structure)
Take Profit: ~3,201
Let’s see if momentum carries this setup through. Always manage your risk.
#XAUUSD #Gold #PriceAction #ShortSetup #ResistanceRejection #DescendingTriangle #TechnicalAnalysis #4HChart #SwingTrade #BearishBias
Price got rejected multiple times from the 3,360–3,380 Area of Interest (AOI), forming a solid resistance zone. After failing to break higher, it created a descending triangle, signaling weakening bullish momentum and increasing seller strength.
We’ve now seen a break and retest of the triangle support, aligning perfectly with the AOI. I’ve taken a short position from this level, anticipating continuation toward the next major demand zone around 3,201.65.
🟢 Confluences:
Strong rejection from AOI
Lower highs confirming bearish pressure
Break + retest of triangle support
Clean R:R > 2:1
📉 Trade Parameters:
Entry: ~3,335
Stop Loss: ~3,375 (above structure)
Take Profit: ~3,201
Let’s see if momentum carries this setup through. Always manage your risk.
#XAUUSD #Gold #PriceAction #ShortSetup #ResistanceRejection #DescendingTriangle #TechnicalAnalysis #4HChart #SwingTrade #BearishBias
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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.