XAUUSD – Bearish Rejection from 4H Resistance | Trendline Retest
Gold (XAUUSD) is currently reacting to a well-respected 4H resistance zone. After a bullish push, the price is showing signs of rejection, suggesting a potential pullback toward the trendline support.
📌 Trade Idea:
Bias: Short-term bearish
Entry Zone: Near current resistance area
TP1: Minor support zone
TP2: Ascending trendline (watch for reaction)
SL: Above the resistance zone (invalidate on bullish breakout)
🧠 Confluences:
Strong historical 4H resistance
Clear market structure with higher lows
Trendline acting as dynamic support
Bearish reaction expected before continuation
⚠️ If price breaks and holds above resistance, this bearish idea becomes invalid. In that case, look for bullish continuation.
📌 Trade Idea:
Bias: Short-term bearish
Entry Zone: Near current resistance area
TP1: Minor support zone
TP2: Ascending trendline (watch for reaction)
SL: Above the resistance zone (invalidate on bullish breakout)
🧠 Confluences:
Strong historical 4H resistance
Clear market structure with higher lows
Trendline acting as dynamic support
Bearish reaction expected before continuation
⚠️ If price breaks and holds above resistance, this bearish idea becomes invalid. In that case, look for bullish continuation.
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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.
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.