BTC's Downturn Started

XAUUSD Technical Insight (H4)

Market Analysis:

A pivotal Bearish Order Block (CHOCH) has formed after several BOSES, decisively reversing the trend's trajectory. The Point of Interest (POI) serves as a robust resistance level, sparking instant reversals confirmed by Morning Star candle patterns. A substantial Fair Value Gap has also been identified at the CHOCH.

Trade Setup:
Set Stop Loss (SL) above the Order Block
Take Profit (TP) positioned upto the previous Lower Low

Sell Entry Zone: 68200_68250

Take Profit1: 67000
Take Profit2: 66000
Take Profit3: 65000

Stop Loss: 69200