Signal XAUUSD Sell — H4 - June 3, 2026 07:22 GMT-4
Signal closed at take profit
On the H4 timeframe for XAUUSD, the price has been consolidating near key support levels following a prolonged bullish trend. The recent candle closing at 4462.08 marks a critical low, with volume at 26095 indicating waning buying pressure. This suggests a potential reversal setup, as price action has failed to sustain higher levels despite previous rallies. The uptrend appears to have lost momentum, with consecutive lower closes and a bearish engulfing pattern forming at the recent trough. The current structure shows a clear bearish bias, with the price retesting support at 4462.08 and failing to break above the prior high…