Gold (XAUUSD) Potential Rejection from Supply Zone – 1H Analysis

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Gold (XAUUSD) Potential Rejection from Supply Zone – 1H AnalysisGOLD (US$/OZ)TVC:GOLDTOP_SIGNALISTMarket Structure: * Gold is currently moving in an ascending channel on the 1H timeframe. ​• We have seen a clear CHoCH (Change of Character) from bearish to bullish locally. ​ My Setup: • ​Sell Zone: Looking for a short entry near the 4680 - 4710 supply area. ​• Confirmations: Waiting for price to hit the top of the channel with RSI Overbought or Bearish Divergence. ​Expectation: • ​Anticipating a sharp rejection from the supply zone back towards the demand area near 4580. ​Risk Management: •​Trade safely! Wait for bearish price action before entry. Stop loss is strictly placed above the recent supply high. #Gold, #XAUUSD, aur #PriceAction