XAUUSD (Gold): Bearish Rejection from Resistance GoldOANDA:XAUUSDMinsaFXGold (XAUUSD) is approaching a key resistance zone on the 1-hour timeframe. The current price action is showing an ascending channel/corrective structure, pointing towards a potential bearish rejection near the supply region. Key Levels to Watch: Resistance / Best Entry Zone: Around 4,400.00 – 4,420.00 Stop Loss (SL): Above 4,470.00 (Invalidation zone) Targets (TP): Target 1: 4,353.28 Target 2: 4,322.54 Target 3: 4,272.27 Target 4: 4,236.00 Trading Strategy: If price shows a strong rejection signal (such as a bearish candlestick pattern or market structure break) within the resistance zone, we can expect a bearish expansion towards the lower support levels. Here is the description translated into English for TradingView: --- ### **Title:** **XAUUSD (Gold): Bearish Rejection from Resistance | Potential Short Opportunity** --- ### **Description:** **Analysis:** Gold (XAUUSD) is approaching a key resistance zone on the 1-hour timeframe. The current price action is showing an ascending channel/corrective structure, pointing towards a potential bearish rejection near the supply region. **Key Levels to Watch:** * **Resistance / Best Entry Zone:** Around 4,400.00 – 4,420.00 * **Stop Loss (SL):** Above 4,470.00 (Invalidation zone) * **Targets (TP):** * Target 1: 4,353.28 * Target 2: 4,322.54 * Target 3: 4,272.27 * Target 4: 4,236.00 **Trading Strategy:** If price shows a strong rejection signal (such as a bearish candlestick pattern or market structure break) within the resistance zone, we can expect a bearish expansion towards the lower support levels. *This post is for educational purposes only and is not financial advice. Always perform your own research (DYOR) and manage your risk properly. TradingView par hashtags (tags) add karna bohat acha rehta hai kyunki is se aapki post search results mein top par aati hai aur zada logo tak pohonchti hai. Aap post k neechay ya "Tags" walay section mein ye high-performing hashtags use kar sakte hain: #XAUUSD #Gold #Forex #Trading #TechnicalAnalysis #PriceAction #ForexSignals #GoldTrading #Bearish #MarketAnalysis