GOLD 1H TRADE IDEA - JUNE 3, 2025

🔴 GOLD 1H TRADE IDEA – June 3, 2025
📉 Bias: Short (Bearish Rejection from Supply / Trend Exhaustion)

🔽 SELL SETUP
Entry:
🔹 $3,360 (after clean rejection from local high / liquidity grab near $3,381)

Stop-Loss (SL):
🔺 $3,385 (above the recent swing high and trap wick)

Take-Profit 1 (TP1):
✅ $3,330 (last minor structure + psychological level)

Take-Profit 2 (TP2):
✅ $3,305 (key support / demand zone before breakout)

📊 Technical Confluence
MACD: Bearish crossover confirmed; histogram red and growing — momentum shift to the downside

RSI: Rejection from 62+ level, bearish divergence forming — now pointing down at ~51

Price Action:

Wick rejection at ~$3,381

Lower high formed on the 1H chart

Shift from bullish to neutral/bearish candles

Structure: Broke minor uptrend line, now hovering under key rejection zone