XAUUSD (Gold) – 4060 Supply Zone: Bears Prepare for a Deeper Drop

XAU/USD Sell Signal

Sell Zone: 4050 – 4060
Stop Loss: 4070

Take Profit 1: 4030
Take Profit 2: 4010
Take Profit 3: 3990
Open Target: Open

📚 Educational Market Idea:

Gold may test the 4050–4060 zone, where sellers could step in and attempt to push prices lower. If this area acts as resistance and bearish price action confirms selling pressure, Gold could decline toward 4030, followed by 4010 and 3990.

Watch for bearish confirmation, such as a bearish engulfing candle, a failed attempt to break above the sell zone, or a breakdown below nearby support before entering. If Gold breaks above the zone with strong bullish momentum, reassess the setup.

📌 Trade Management:

Consider securing partial profits at TP1 and TP2 while protecting the remaining position as price moves in your favor. If bearish momentum continues, the remaining trade can target TP3 or the Open Target.

⏳ Trade Type: Intraday & Swing Trade

⚠️ Risk Disclaimer: Trading forex and commodities involves substantial risk. This is an educational trade idea, not a guarantee of profit. Always use proper risk management and never risk more than you can afford to lose.