GOLD Bears in Control? Potential Short Setup!

٢٧ أبريل

Hi traders! Analyzing XAU/USD on the 1H timeframe, price is rejecting from a key resistance inside the descending channel.

🔹 Entry: 3,318
🔹 TP: 3,271
🔹 SL: 3,369

Gold is respecting the upper trendline of the downtrend channel, and momentum remains weak. After a small bounce, sellers have stepped in again, suggesting a possible continuation to the downside.

RSI remains below the 50 mark, favoring bearish pressure. A break below 3,300 could confirm acceleration towards the target zone at 3,271.

Watching closely for bearish continuation signals!

⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.

٢٨ أبريل

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