Gold Under Pressure: Potential Bearish Reversal from Resistance

4 Şub

🚨 XAUUSD Bearish Reversal Setup at Key Fibonacci Levels 🚀📉

Gold (XAUUSD) is approaching a critical resistance zone between the 1.272 (2846.09) and 1.618 (2866.24) Fibonacci extension levels, where price often shows signs of exhaustion. After an extended bullish rally, momentum is slowing down ⚡—hinting at a possible reversal.

📊 Technical Breakdown:
• 🔑 Fibonacci Confluence: Price is reacting strongly around 1.272 and heading towards 1.618—classic reversal zones for trend exhaustion.
• ❌ Rejection Signals: Multiple wick rejections suggest strong selling pressure from institutional levels.
• 📉 Trendline Support Target: A rising trendline around 2790.57 could act as the next bearish target if momentum shifts.
• 🎯 Risk-Reward Edge: Stop loss secured above 2867 to avoid fakeouts, targeting a high-probability move towards trendline support.

💼 Trade Setup:
• 🔻 Sell Entry: 2840–2850
• 🛡️ Stop Loss: 2867 (above resistance)
• 🎯 Take Profit: 2790 (trendline support)

📈 Market Outlook:

If price fails to break above the resistance zone, expect a bearish correction towards the trendline. A strong breakout above 2867 would invalidate this setup, signaling continued bullish strength.

🤔 What’s your outlook on XAUUSD? Drop your analysis below! 👇🔥

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