XAUUSD Bearish Rejection at Strong Resistance | Sell Setup
Description:
Gold (XAUUSD) is testing a major resistance zone on the 4H timeframe. Price is showing signs of rejection, increasing the probability of a bearish move. A confirmed rejection could send price toward the ascending trendline and lower support levels.
Bias: Bearish Description:
Gold (XAUUSD) is testing a major resistance zone on the 4H timeframe. Price is showing signs of rejection, increasing the probability of a bearish move. A confirmed rejection could send price toward the ascending trendline and lower support levels.
📉 Bias: Bearish
🎯 Key Resistance: 4120–4160
🎯 Potential Target: 4000–3965
Key Resistance: 4120–4160
Potential Target: 4000–3965
Not financial advice