Bias: 🔴 Bearish / Sell on confirmation
From your chart, price is around 4300.87 and has rejected the recent 4310–4318 area. The broader short-term backdrop also favors sellers while gold remains below nearby resistance. �
RoboForex +1
📉 Sell Setup
Sell Entry: 4300–4305 after bearish confirmation
Safer Entry: 4310–4318 rejection
Stop Loss: 4321–4323
TP1: 4285
TP2: 4260
TP3: 4230
Risk/Reward: approximately 1:2 to 1:3+
⚠️ Important
I would not blindly sell at 4300. On the 15M chart, wait for:
Bearish rejection/engulfing candle, or
15M candle close below 4290–4285 and retest.
Invalidation: A strong 15M close above 4320–4323 weakens the sell setup.
Your marked 4320.975 SL / 4230.338 TP gives a strong R:R, but the TP is quite far, so consider securing partial profit around 4285–4260.