Signal XAUUSD Sell — H1 - July 16, 2026 04:38 GMT-4
On the H1 chart XAUUSD has entered a clear downtrend after the sharp rally that peaked near 4100. The last ten hourly candles show a series of lower highs and lower lows, with the price now hovering around the 4020‑4030 zone. Volume has been tapering off, especially on the recent pull‑backs, indicating diminishing buying pressure and confirming the bearish momentum. Key resistance around 4060‑4070 has held, while support at the 4010‑4005 level is testing. A sell entry just below the recent swing low aligns with the prevailing momentum, and the stop‑loss placed above the last high protects against a short‑term…