Signal XAUUSD Sell — H4 - June 4, 2026 13:16 GMT-4
Signal closed at take profit
On the H4 timeframe for XAUUSD, the price has been consolidating within a descending channel, with key support at 4440.13 and resistance at 4510.98. Recent candles show a series of lower closes, indicating a bearish trend, while volume remains elevated, confirming selling pressure. The last candle closed at 4471.36, below the prior swing high of 4504.12, signaling a potential breakdown below critical support. The formation of a bullish engulfing pattern near the 4475.27 level suggests a reversal setup, aligning with the sell signal. However, the current structure favors a continuation of the downtrend, as the price has failed to hold…