Why a Drop Makes Sense (Bearish Bias)
✔ Repeated rejections from the upper supply zone
The large purple zone around 4120–4130 has already rejected price multiple times
→ showing strong sellers there.
✔ Lower highs forming
The candles show a series of lower highs, meaning bulls are failing to push up.
✔ Price failing to break 4080–4090
This zone is acting as strong intraday resistance.
Your arrow shows price retesting it — that is a typical retracement before continuation down.
✔ Repeated rejections from the upper supply zone
The large purple zone around 4120–4130 has already rejected price multiple times
→ showing strong sellers there.
✔ Lower highs forming
The candles show a series of lower highs, meaning bulls are failing to push up.
✔ Price failing to break 4080–4090
This zone is acting as strong intraday resistance.
Your arrow shows price retesting it — that is a typical retracement before continuation down.
We share XAUUSD (Gold) signals based on market analysis.
Educational content to help traders make informed decisions.
Educational content to help traders make informed decisions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We share XAUUSD (Gold) signals based on market analysis.
Educational content to help traders make informed decisions.
Educational content to help traders make informed decisions.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.