Gold has officially broken its long-term uptrend, signaling a potential shift in momentum from bullish to bearish.
Following the trendline break, price pulled back to retest the previous support zone around 3080–3100, which has now turned into a strong resistance area.
This is a textbook Break & Retest setup — often seen before a continuation move lower.
Key Highlights:
Trendline Broken: The bullish structure is invalidated, and bearish momentum is taking control.
Bearish Retest: Clear rejection from the 3080–3100 zone confirms sellers stepping in.
Bearish Projection: If momentum continues, the next target lies around 2960–2940, a key support area.
Outlook:
Bias: Bearish
Invalidation: A strong break and close above 3100 would negate this setup.
Next Target: 2960 and potentially lower if selling pressure persists.
Structure speaks louder than noise.
Follow for more clean and high-probability setups.
Following the trendline break, price pulled back to retest the previous support zone around 3080–3100, which has now turned into a strong resistance area.
This is a textbook Break & Retest setup — often seen before a continuation move lower.
Key Highlights:
Trendline Broken: The bullish structure is invalidated, and bearish momentum is taking control.
Bearish Retest: Clear rejection from the 3080–3100 zone confirms sellers stepping in.
Bearish Projection: If momentum continues, the next target lies around 2960–2940, a key support area.
Outlook:
Bias: Bearish
Invalidation: A strong break and close above 3100 would negate this setup.
Next Target: 2960 and potentially lower if selling pressure persists.
Structure speaks louder than noise.
Follow for more clean and high-probability setups.
t.me/Eagle_View_Trades
Trade with confidence, not guesswork.
Join the Pips Warrior community for precise signals & sharp market insights.
Follow for daily setups, analysis & consistently.
t.me/Eagle_View_Trades
Trade with confidence, not guesswork.
Join the Pips Warrior community for precise signals & sharp market insights.
Follow for daily setups, analysis & consistently.
t.me/Eagle_View_Trades
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.
t.me/Eagle_View_Trades
Trade with confidence, not guesswork.
Join the Pips Warrior community for precise signals & sharp market insights.
Follow for daily setups, analysis & consistently.
t.me/Eagle_View_Trades
Trade with confidence, not guesswork.
Join the Pips Warrior community for precise signals & sharp market insights.
Follow for daily setups, analysis & consistently.
t.me/Eagle_View_Trades
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.