The price perfectly fulfilled my previous idea. 
XAUUSD has reached a fresh all-time high within the upward channel but is now showing price deceleration near the 3,660 resistance zone, suggesting exhaustion. Price action is forming smaller candles in the profit-taking area, indicating weakening bullish momentum. A rejection here could trigger a corrective move toward 3,590, with deeper downside potential toward 3,470 if sellers sustain control. The broader structure highlights a possible correction unfolding following A-B-C movement from this overextended zone.
💡 Risks:
XAUUSD has reached a fresh all-time high within the upward channel but is now showing price deceleration near the 3,660 resistance zone, suggesting exhaustion. Price action is forming smaller candles in the profit-taking area, indicating weakening bullish momentum. A rejection here could trigger a corrective move toward 3,590, with deeper downside potential toward 3,470 if sellers sustain control. The broader structure highlights a possible correction unfolding following A-B-C movement from this overextended zone.💡 Risks:
- A softer US CPI could reignite bullish flows and invalidate the sell scenario.
- Renewed geopolitical tensions may increase safe-haven demand and push gold higher.
- A dovish Federal Reserve shift could restore strong buying pressure and reverse any correction.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Zlecenie aktywne
GOLD came to Resistance zone - waiting SELL?Uwaga
XAUUSD has rejected the 3,660 resistance level inside the upward channel, confirming selling pressure at the top of the range. The rejection candle signals exhaustion of bullish momentum, leaving room for a corrective decline. Price is likely to retrace toward the 3,600 support area, with further downside possible if selling accelerates. Market participants may prefer range-bound action until tomorrow’s CPI release provides clearer direction. As long as the rejection at 3,660 holds, the short-term bias favors sellers within the broader bullish channel.
🔥 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
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
🔥 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
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.