XAUUSD (Gold) Trading Plan – H4 TimeframeGoldOANDA:XAUUSDKhairambo📅 Period: Final Week of August 2025 📊 Strategy: Trend-Continuation Short with Step Targets & Pennant Validation 🎯 Bias: Bearish continuation while monitoring pennant pattern 🧠 Market Outlook (H4) Gold has been consolidating after its recent push, forming a pennant structure on the H4 chart. The 3375 level has emerged as a near-term resistance zone where sellers are likely to re-engage if the bearish pressure resumes. The downside potential is supported by retracement levels and interim supports that align with previous demand zones at 3352 and 3335. If the pennant remains intact and respected by price action, there is room for a bonus continuation leg into lower support. 🔍 Execution Plan ✅ Sell Setup at 3375 Trigger Conditions: H4 candle rejection at or near 3375. Confirmation of bearish momentum (e.g., bearish engulfing, strong rejection wick, or multiple rejections). Trend indicators (RSI below 50, MACD crossover) confirming loss of bullish drive. Stop Loss Placement: Above 3386–3390, beyond resistance to allow for volatility spikes. Risk Allocation: 1% per position, scale into targets with partial exits. 🎯 Target 1: 3352 Reasoning: Nearest support zone on the H4 chart. Ideal area for the first partial profit-taking. This target serves as a retracement magnet before any continuation. Action: Take partial profit. Move SL to breakeven for remaining positions. 🎯 Target 2: 3335 Reasoning: Stronger support level with history of demand. Second logical profit zone if bearish momentum sustains. Action: Close another portion of the trade. Trail SL above recent retracement high. 🎯 Target 3 (Conditional): 3348 – Bonus Move Reasoning: This target is only valid if the candlesticks continue to respect the pennant structure without invalidating the bearish channel. Represents a deeper continuation leg within the pennant, aiming for a measured extension. Action: Only hold final runner position if pennant remains valid. If breakout occurs against the pattern, exit position and reassess bias. 📊 Summary Table PhaseEntry ZoneTargetStop LossAction Sell337533523386–3390Enter short after bearish confirmation Target 1–3352BreakevenPartial close, move SL Target 2–3335Trail SLPartial close Target 3 (bonus)–3348Trail SLOnly if pennant respected ⚠️ Risk Management Maximum open risk: 1–1.5% of equity. Avoid overexposure; scale out progressively at each TP. If price fails to reject 3375 and closes H4 candle above 3390, bearish scenario is invalid. 🧭 Final Week Outlook (H4) Early week: Watch for rejection at 3375 to trigger shorts. Mid-week: Expect pullbacks and profit-taking near 3352 and 3335. End-week: If pennant is respected, look for a bonus continuation leg into 3348; otherwise, prepare for breakout reversal. Overall: The 3343–3335 range is pivotal for determining whether bears maintain control or bulls reclaim dominance going into September. ✅ This way, your H4 plan reads like a step-by-step professional trading journal, with clear entry logic, retracement handling, and conditional targets.