Hello traders! Here’s my technical outlook based on the current XAUUSD (3H) chart structure. XAUUSD previously traded inside a broad descending channel after breaking down from a consolidation range. Following several bearish impulses, price continued to respect the channel resistance and remained under strong selling pressure. Currently, XAUUSD is trading above the 4,270 Buyer Zone while remaining below the 4,420 Seller Zone. After forming an inverse Head and Shoulders pattern near support, price broke above the neckline and started a recovery phase. Recent pullbacks have held above the Buyer Zone, confirming that buyers are defending key support. As long as XAUUSD remains above the 4,270 Buyer Zone and continues to hold the inverse Head and Shoulders breakout structure, the bullish scenario remains valid. A bounce from current levels could push price toward the 4,420 Seller Zone (TP1). Please share this idea with your friends and click “Boost” 🚀
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At the moment, as I expected, a correction and retest of support is taking place. The market reaction will show whether gold will continue its recovery!Trade fechado manualmente
Unfortunately, no matter how clear the pattern is, the market is still strongly influenced by news. Therefore, at the moment the price has broken through the support we have determined, which cancels our scenario!
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.