XAUUSD (H1) –
- Bias: Bearish below 4108–4120 resistance.
- Entry: Look for a sell after bearish rejection in the 4108–4120 zone.
- Stop Loss: Above 4136.
- Take Profit 1: 4093
- Take Profit 2: 4034
Analysis: Price is struggling to break above the 4108 resistance area and is forming lower highs, indicating weakening bullish momentum. A rejection from this zone could trigger a move toward 4093. If 4093 breaks with strong bearish momentum, the next downside target is 4034.
Wait for bearish confirmation before entering. Manage risk appropriately.
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