XAUUSD has been respecting a broad ascending channel for months, with clear touches on both resistance and support levels. Recently, however, price slipped into a smaller bearish channel inside the larger structure.
📉 The short-term bias remains bearish as long as price trades within the red channel.
📊 Key support lies near the $3,280 zone — a critical level where bulls might attempt to step in.
💡 A breakout from the bearish channel could open the way for another retest of the upper resistance zone, while failure to hold support may trigger deeper corrections.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
📉 The short-term bias remains bearish as long as price trades within the red channel.
📊 Key support lies near the $3,280 zone — a critical level where bulls might attempt to step in.
💡 A breakout from the bearish channel could open the way for another retest of the upper resistance zone, while failure to hold support may trigger deeper corrections.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.