This is XAUUSD – Gold – on the 1-hour timeframe.
The market is clearly in a downtrend,
forming lower highs and lower lows.
Price is currently in a pullback phase within the trend.
This pullback is moving into a strong confluence zone —
the descending trendline combined with a fair value gap.
This area acts as a high-probability sell zone.
Sell limit area:
4330 to 4340.
Here, we expect a short-term bullish move to trap buyers,
followed by a strong rejection and continuation to the downside.
Stop loss:
4353 — a clear invalidation of the setup.
Target one:
4300 — a short-term support level.
Target two:
4278 — a strong demand zone and trend continuation target.
This is a pullback sell strategy.
Trade with the trend, not against it.
No emotions.
No overtrading.
Only structure, discipline, and patience.
The market is clearly in a downtrend,
forming lower highs and lower lows.
Price is currently in a pullback phase within the trend.
This pullback is moving into a strong confluence zone —
the descending trendline combined with a fair value gap.
This area acts as a high-probability sell zone.
Sell limit area:
4330 to 4340.
Here, we expect a short-term bullish move to trap buyers,
followed by a strong rejection and continuation to the downside.
Stop loss:
4353 — a clear invalidation of the setup.
Target one:
4300 — a short-term support level.
Target two:
4278 — a strong demand zone and trend continuation target.
This is a pullback sell strategy.
Trade with the trend, not against it.
No emotions.
No overtrading.
Only structure, discipline, and patience.
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.
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.