XAUUSD Short: Testing Supply Before Potential Drop to 4,020$
Hello traders! Here’s my technical outlook based on the current XAUUSD (3H) chart structure. XAUUSD previously traded inside a well-defined descending channel, where sellers controlled the trend after a major pivot high. Following a bearish breakout below the channel, price dropped sharply and found support near the 4,020 Demand Zone, triggering a recovery phase.
Currently, XAUUSD is trading below the 4,200 Supply Zone after a recent breakdown sequence. Recent attempts to sustain momentum above this supply area have failed, showing that sellers remain active around resistance.
As long as XAUUSD remains below the 4,200 Supply Zone and the broader descending channel structure, the bearish scenario remains valid. A rejection from current levels could push price down toward the 4,020 Demand Zone (TP1). Manage your risk!
Currently, XAUUSD is trading below the 4,200 Supply Zone after a recent breakdown sequence. Recent attempts to sustain momentum above this supply area have failed, showing that sellers remain active around resistance.
As long as XAUUSD remains below the 4,200 Supply Zone and the broader descending channel structure, the bearish scenario remains valid. A rejection from current levels could push price down toward the 4,020 Demand Zone (TP1). Manage your risk!
تم فتح الصفقة
As we are running after a very small correction upwards, the price has turned down again and continued the downward movement. We have almost reached our target and support zone!أغلقت الصفقة: تم الوصول للهدف
Gold continued to decline inside the channel and today we reached our target. Congratulations!
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💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.