Gold is trading below a clear descending trendline and is approaching a strong resistance zone around 4365–4375. The recent rejection from this area keeps the short-term H1 structure bearish.
📌 Trading Idea Entry Zone: 4360–4375 Stop Loss: 4390 TP1: 4320 TP2: 4290 TP3: 4260
Risk/Reward: Approximately 1:2+ depending on entry
🔎 Technical Reasoning Price is respecting the descending trendline. 4365–4375 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.
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Nice