XAUUSD is currently retesting the broken triangle structure from below, having rebounded from the ascending support zone. The price is approaching a confluence near 3,400–3410, where prior breakdown and resistance meet. If this level holds as resistance, the setup favors a bearish continuation toward 3,340 and possibly deeper. The broader structure shows lower highs and increasing rejection pressure below the resistance zone.📉 Key Levels
- Sell trigger: 3,400 rejection
- Sell zone: 3,398.660–3,410
- Target: 3,340
- Invalidation: Break and hold above 3,410
💡 Risks
- Momentum from recent rebound could challenge resistance
- A higher low formation could tilt sentiment bullish
- External factors (Fed, inflation data) may inject volatility beyond the range
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Trade attivo
XAUUSD is forming a potential double top near the 3410 resistance within the upward channel, signaling exhaustion of bullish momentum. Price is projected to drop toward the 3,365 support and the channel border. A confirmed breakdown here could extend target towards 3340, with further downside move to 3330. Bias remains bearish while price holds below 3410.
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🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
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.