Gold Under Pressure – Next Target 3435 ?

120
XAUUSD (Gold) Technical Analysis

Timeframe: 45m
Trend: Bearish with corrective pullback

🔹 Price has been moving inside a descending channel and is currently showing a minor pullback.
🔹 Ichimoku still confirms bearish pressure, but a short-term rejection at resistance is visible.
🔹 Current Price: $3,477


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📌 Trade Setup (Sell Idea)

Entry Zone: 3475 – 3480

Stop Loss (SL): 3502

Take Profit (TP): 3435 (channel support)



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📊 Risk/Reward Summary

Risk: ~25 points

Reward: ~40 points

R:R Ratio: 1 : 1.6



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✅ Summary

Gold remains bearish as long as it trades below 3502. The pullback looks weak and a continuation to the downside is expected. Safe sellers can look for short entries around 3475 – 3480 targeting 3435.

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