Gold (XAUUSD) has broken the descending trendline and surged into a key supply zone. After sweeping liquidity above the intraday highs, price is showing signs of rejection near resistance.
📊 Market Structure:
✅ Trendline breakout confirmed
✅ Strong bullish impulse into supply
✅ Liquidity sweep above resistance
✅ Potential bearish retracement forming
🎯 Key Levels:
Supply Zone: 4040 – 4050
Resistance: 4017 – 4018
Target Area: 4000
Extended Target: 3965
⚠️ Trade Idea:
Watch for bearish confirmation below 4018. If sellers maintain control, price could retrace toward the 4000 psychological level before deciding the next major direction.
DISCLAIMER:We will not be held responsible for any loss you incur
BTCUSD
📊 Market Structure:
✅ Trendline breakout confirmed
✅ Strong bullish impulse into supply
✅ Liquidity sweep above resistance
✅ Potential bearish retracement forming
🎯 Key Levels:
Supply Zone: 4040 – 4050
Resistance: 4017 – 4018
Target Area: 4000
Extended Target: 3965
⚠️ Trade Idea:
Watch for bearish confirmation below 4018. If sellers maintain control, price could retrace toward the 4000 psychological level before deciding the next major direction.
DISCLAIMER:We will not be held responsible for any loss you incur
BTCUSD 
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.
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.