XAUUSD – Sell Strategy Activated
Hello traders,
Gold has followed the expected scenario, reacting precisely around the 3508–3510 zone. This correction is a good signal to consider a bearish outlook. However, for a clearer confirmation, price needs to close an M15 candle below 3466. If that happens, the previous bullish wave will be considered invalid, giving a stronger probability for the Sell setup.
Structurally, gold is still within the main rising channel, which means an early short entry should wait until liquidity from the small FVG zone above is fully taken.
Technical indicators are supporting this view:
MACD has shown consistent bearish momentum in the last 4 H1 candles.
Several indicators are already showing divergence, pointing to weakening bullish strength.
Sell zone to watch: around 3488–3491.
Setup invalidated if price breaks above the nearest resistance.
At this stage, the appetite for new long positions is fading, and buying at these levels carries greater risk. Remember, no trend moves in one direction forever – for price to reach higher targets, secondary corrective moves are necessary.
This is my trading scenario for gold in the coming sessions. Take it as reference and share your thoughts in the comments.
Hello traders,
Gold has followed the expected scenario, reacting precisely around the 3508–3510 zone. This correction is a good signal to consider a bearish outlook. However, for a clearer confirmation, price needs to close an M15 candle below 3466. If that happens, the previous bullish wave will be considered invalid, giving a stronger probability for the Sell setup.
Structurally, gold is still within the main rising channel, which means an early short entry should wait until liquidity from the small FVG zone above is fully taken.
Technical indicators are supporting this view:
MACD has shown consistent bearish momentum in the last 4 H1 candles.
Several indicators are already showing divergence, pointing to weakening bullish strength.
Sell zone to watch: around 3488–3491.
Setup invalidated if price breaks above the nearest resistance.
At this stage, the appetite for new long positions is fading, and buying at these levels carries greater risk. Remember, no trend moves in one direction forever – for price to reach higher targets, secondary corrective moves are necessary.
This is my trading scenario for gold in the coming sessions. Take it as reference and share your thoughts in the comments.
Trade active
The sell setup played out exactly as planned, hitting the 3488–3491 zone, and even the perfect entry at 3494 has already delivered 200 pips. After that, the price bounced back up and is now showing signs of breaking resistance in line with the trend. For the moment, I’ll wait for a clearer direction before giving the next update.Congratulations to everyone who followed this scenario!
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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.
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.