Indices and commodities
#GOLD
Short
Active
XAUUSD: Strong Bearish Order Block at 4040-4050 – Path to 3300 for FX:XAUUSD by PremiumTrader57
TradingView
GOLD
Indices and commodities
Active
Current price
3958.31
USD
PNL
+0.38%
3958.31 USD
Stop Loss
16.95%
4646.89 USD
Take Profit
16.95%
3299.91 USD
Rationale
TradingView idea: XAUUSD: Strong Bearish Order Block at 4040-4050 – Path to 3300 for FX:XAUUSD by PremiumTrader57
TradingView symbol: XAUUSD
Technical Analysis:
Gold continues to respect a clear bearish trend on higher timeframes. The market is now testing a high-probability Bearish Order Block between 4040 - 4050, which serves as a significant supply zone.Why This Zone Matters:Strong Bearish Order Block where sellers have previously shown dominance
Aligns perfectly with the ongoing downtrend structure
High chance of rejection and continuation lower
Long-Term Target:
3300 (Major liquidity pool and next significant demand area) As …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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