"Gold 1H Chart: Bearish Setup Pending Confirmation"
This 1-hour chart of gold (XAU/USD) shows a clear trendline break, indicating potential bearish momentum. The price is now retesting the broken trendline and resistance zone around $2,769–$2,780.
The plan is to wait for a bearish confirmation (e.g., rejection or reversal candles) at this resistance zone. If confirmed, the price could target the $2,740 area, marked as the next significant support level.
Key levels:
- Resistance: $2,769–$2,780
- Support/Target: $2,740
Waiting for a clear signal at the resistance zone is crucial for entering a sell position.
The plan is to wait for a bearish confirmation (e.g., rejection or reversal candles) at this resistance zone. If confirmed, the price could target the $2,740 area, marked as the next significant support level.
Key levels:
- Resistance: $2,769–$2,780
- Support/Target: $2,740
Waiting for a clear signal at the resistance zone is crucial for entering a sell position.
Trade fermée: cible de profit atteinte
Congratulation "Gold successfully hit the $2,740 target after rejecting the resistance zone" 
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If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.