Gold Analysis: Bearish Setup Forming Below Key Trendline Resista

5月27日

we executive a sell setup of XAUUSD 4-hour time frame

The chart shows a clear descending trendline acting as resistance for XAUUSD on the 4-hour timeframe. Price is currently testing this trendline again, but has not yet broken above it.

Key points:

Price has rejected this trendline multiple times (marked with red arrows).
The current setup suggests waiting for bearish confirmation before entering a sell.
If confirmed, the first downside target is around 3,280, and the second target is near 3,207.
A break and retest below the short-term support would further validate the bearish move.

5月29日

交易進行

Congratulations 1st target achieved