Gold (XAUUSD) Sell Signal: Below 4765 Targets 4695 and 4660
Analysis
Gold is currently trading below a key resistance level at 4765, which defines the short-term directional bias. The price structure suggests that sellers remain in control as long as this level is not breached.
The market shows potential for continuation to the downside, especially if price approaches and breaks below 4695. This level acts as a trigger for further bearish expansion toward 4660, where deeper liquidity is likely positioned.
Sell Setup:
- Entry: 4765
- Stop-Loss (SL): 4805
- Take Profit A (TP1): 4695
- Take Profit B (TP2): 4660
Signal Summary
Our Preference:
Short positions below 4765 with targets at 4695 and 4660 in extension.Alternative Scenario:
Above 4765, look for further upside toward 4805 and 4843.