Hello everyone, Gold continues to respect a well defined major descending resistance trendline, and the latest rejection once again highlights the importance of this technical level.
Every recent rally into this resistance has attracted selling pressure, creating a sequence of lower highs that keeps the broader short term structure bearish.
As long as price remains below this trendline, sellers continue to hold the technical advantage. A confirmed breakout would change the outlook, but until then, resistance deserves respect.
One area that stands out on the chart is the key liquidity pool below current price. Markets often revisit these zones before making their next meaningful move, making this an important level to monitor rather than predict.
If selling pressure continues, price could gradually rotate lower and test this liquidity area. However, if buyers manage to reclaim the descending resistance with strong confirmation, the bearish structure would begin to weaken.
Instead of chasing every move, I prefer waiting for price to react around high-probability technical zones where risk-to-reward is more favorable.
My focus remains simple:
Respect the trend.
Follow market structure.
Let price confirm the next move.
No predictions, just reacting to what the market is showing.
What do you think?
Will Gold sweep the liquidity below first, or break above the descending resistance before making its next major move? Share your view in the comments. 👇
Disclaimer
This analysis is shared for educational and informational purposes only and should not be considered financial or investment advice. Always conduct your own research and use proper risk management before making any trading decisions.
—TraderRahulPal
SCA Registered Financial Influencer (Dubai, UAE)
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SCA Registered Analyst→Dubai
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.