Potential Selling Opportunity on Gold from 3374 level!

Hello traders, 👋

I’m closely watching Gold (XAU/USD) for a possible short setup around the 3374 zone, and here’s my breakdown:

📉 Trend Structure:
Gold continues to respect its bearish market structure, consistently forming Lower Highs (LHs) and Lower Lows (LLs) — a clear sign of sellers maintaining control.

📐 Key Confluence at 3374:
Price is currently retracing toward a descending trendline that perfectly aligns with the 78.6% Fibonacci retracement level, drawn from the previous swing highs. This confluence zone strengthens the case for a potential reversal.

📍 Sell Zone:
I’m watching the 3360–3380 region, with 3374 being my preferred level to look for entries.

Entry Confirmation:

Before executing a trade, I’ll be waiting for:

A bearish engulfing candle

A bearish breaker block

Or a strong rejection pin bar on the lower timeframes

🎯 Targets:

TP1: 3321

TP2: 3253

TP3: 3210

🔒 Risk management is key – always wait for confirmation before entering!

Let me know what you think in the comments — agree or disagree? 👇

Trade safe and stay sharp!