🔺Gold is currently trading around 4,346 and the chart continues to favour a bearish continuation while price remains below the highlighted supply zone. After the strong rejection from the recent highs, XAUUSD produced a clear bearish displacement and break of structure (BOS) indicating that short-term control has shifted towards sellers.
Key Selling Area
🔺The main area to watch is approximately 4,372–4,442. This zone has already shown strong seller presence and price is now trading underneath it. For retail traders, rather than chasing the market lower, a more controlled approach would be to watch for a retracement back towards 4,372 or deeper into the supply zone, followed by fresh bearish confirmation.
Why the Bearish Setup Remains Valid
🔺Price has failed to recover the previous bullish structure after the rejection from the 4,650+ region. The subsequent lower highs and bearish BOS suggest that the recent recovery is more likely a retracement than the beginning of another major bullish leg. As long as buyers cannot reclaim the 4,442 region, sellers maintain the technical advantage.
What Retail Traders Should Watch
🔺A rejection around 4,372–4,442 would strengthen the bearish scenario. Ideally, traders should look for confirmation such as a liquidity sweep, bearish engulfing candle, lower-timeframe CHoCH/BOS or strong bearish displacement before considering an entry. If price simply continues lower without retracing, entering late could offer poor risk-to-reward.
Downside Target
🔺The main bearish projection on the chart sits around 4,145, which represents the larger downside objective if selling pressure continues. Price does not necessarily have to reach this level in one move, so intermediate reactions and liquidity grabs should be expected along the way.
Overall Bias
🔺Bearish sentiment is indicated below 4,442. A more favourable scenario is a retracement towards 4,372–4,442, rejection from the supply area and a continuation towards lower prices with 4,145 remaining the primary target. A convincing break and acceptance above 4,442 would weaken this immediate bearish setup and necessitate reassessment.
Key Selling Area
🔺The main area to watch is approximately 4,372–4,442. This zone has already shown strong seller presence and price is now trading underneath it. For retail traders, rather than chasing the market lower, a more controlled approach would be to watch for a retracement back towards 4,372 or deeper into the supply zone, followed by fresh bearish confirmation.
Why the Bearish Setup Remains Valid
🔺Price has failed to recover the previous bullish structure after the rejection from the 4,650+ region. The subsequent lower highs and bearish BOS suggest that the recent recovery is more likely a retracement than the beginning of another major bullish leg. As long as buyers cannot reclaim the 4,442 region, sellers maintain the technical advantage.
What Retail Traders Should Watch
🔺A rejection around 4,372–4,442 would strengthen the bearish scenario. Ideally, traders should look for confirmation such as a liquidity sweep, bearish engulfing candle, lower-timeframe CHoCH/BOS or strong bearish displacement before considering an entry. If price simply continues lower without retracing, entering late could offer poor risk-to-reward.
Downside Target
🔺The main bearish projection on the chart sits around 4,145, which represents the larger downside objective if selling pressure continues. Price does not necessarily have to reach this level in one move, so intermediate reactions and liquidity grabs should be expected along the way.
Overall Bias
🔺Bearish sentiment is indicated below 4,442. A more favourable scenario is a retracement towards 4,372–4,442, rejection from the supply area and a continuation towards lower prices with 4,145 remaining the primary target. A convincing break and acceptance above 4,442 would weaken this immediate bearish setup and necessitate reassessment.
Trade active
Doing well so far with over 1220 pips! I’ve closed half of my positions and moved my stop loss to the entry point and would recommend you all to do the same. Thank you. Trade closed: target reached
+2359 Pips target hit successfully! 
Looking for intraday signals on Forex and XAUUSD (GOLD) with 98% Win Rate In Gold And 83% Win Rate In Forex!
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Forex Bot: t.me/SetupsfxFOREX_Bot
Gold Bot: t.me/SetupsfxGOLD_Bot
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Disclaimer
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Looking for intraday signals on Forex and XAUUSD (GOLD) with 98% Win Rate In Gold And 83% Win Rate In Forex!
Forex Bot: t.me/SetupsfxFOREX_Bot
Gold Bot: t.me/SetupsfxGOLD_Bot
Forex Bot: t.me/SetupsfxFOREX_Bot
Gold Bot: t.me/SetupsfxGOLD_Bot
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.