XAUUSD TRADE IDEA

XAUUSD (H4

• Bias: Bearish below 4072
• Market Structure: Price is consolidating below a major resistance zone after failing to sustain higher highs. The ascending trendline is being tested.
• Resistance: 4072–4126
• Support: 4053, then 4038, followed by 3959

Short Setup

• Entry: 4068–4072 (after bearish rejection/confirmation)
• Stop Loss: Above 4126
• Take Profit 1: 4053
• Take Profit 2: 4038
• Take Profit 3: 3959

Summary:
The H4 chart remains neutral-to-bearish while price trades below 4072. A rejection from the resistance zone favors a move toward 4053, 4038, and potentially 3959. A confirmed breakout and close above 4126 would invalidate the short setup and shift the bias to bullish.