:
Gold (CFDs on Gold, 1-hour timeframe) is showing a potential bearish reversal setup after retesting the Selling area resistance block. This structure outlines a short trade opportunity targeting lower support and liquidity levels.
Key Technical Highlights:
Resistance Interaction: Price has rallied into the defined supply/selling zone around 4,056, where sellers are looking to step back in and regain control.
Multi-Target Objectives:
Target 1: ~4,024
Target 2 (Extended): ~3,993
Trading Plan / Setup:
Bias: Bearish (Sell / Short)
Entry Zone: Around current levels / retest of the selling zone (~4,056)
Stop Loss (SL / Invalidation): Placed strictly above structural invalidation resistance (~4,082)
Take Profit (TP): Scaled across targets at 4,024 and 3,993
Educational Disclaimer: This analysis is published for educational and informational purposes only and should not be construed as professional financial or investment advice. Trading CFDs and commodities involves substantial risk of loss and is not suitable for every investor. Always perform your own due diligence and manage your risk accordingly before executing any trades.