XAU/USD on the 1-hour chart technical analysis . short setup

5月11日

The price started with a strong upward trend from a support level around May 4, reaching a resistance zone near 3,430–3,440. After hitting that resistance, the price reversed and started forming a downward trend with lower highs and lower lows.

The chart suggests a short (sell) trade setup around the 3,325–3,330 area, with a stop loss above 3,347 and a take profit around 3,275. This setup is based on the expectation that the price will continue to fall after failing to break the resistance zone.

5月12日

交易結束：目標達成

The XAU/USD price reversed from a support area and entered a strong uptrend, reaching a resistance level around 3,420 to 3,440. After multiple rejections at this resistance, the price formed a bearish structure and broke below a key support level around 3,275. A short position was taken below 3,325 with a stop loss near 3,347 and a target at 3,225. The target was successfully reached, confirming the bearish move.