Gold is trading below a clear descending trendline and is approaching a strong resistance zone around 4365โ4375. The recent rejection from this area keeps the short-term H1 structure bearish.
๐ Trading Idea Entry Zone: 4360โ4375 Stop Loss: 4390 TP1: 4320 TP2: 4290 TP3: 4260
Risk/Reward: Approximately 1:2+ depending on entry
๐ Technical Reasoning Price is respecting the descending trendline. 4365โ4375 is acting as major resistance. A rejection from this zone could send price toward the lower support area. 4260 is the major H1 support shown on the chart.
MQL5 ํ๋กํ
์ ์ฝ๋ฉํธ
Nice