Gold Bearish Engulfing: Price Action Short Setup at Resistance

**Symbol:** XAUUSD (Gold) Gold printed a textbook bearish engulfing candle on the 4H chart at the $2,400–$2,410 resistance zone today — a classic price action exhaustion signal. The bearish engulfing fully engulfs the prior bullish candle (which attempted a breakout above $2,395) — the bears reclaimed all the ground bulls gained and then some. Confluences: • 4H bearish engulfing at multi-week resistance • Price rejected the exact $2,400 psychological level • RSI showing bearish divergence (lower highs on RSI vs equal highs on price) • Daily chart still has room to pullback to $2,340 support **Entry:** $2,392 (short after 4H engulfing close) **Stop Loss:** $2,415 (above the engulfing candle high) **Take Profit 1:** $2,360 (recent support level) **Take Profit 2:** $2,335 (major demand zone) **Risk/Reward:** 1:1.4 to TP1, 1:2.5 to TP2 Did you notice this gold engulfing candle today?