Gold (XAU/USD) – Bearish Flag Continuation or Breakdown Incoming
🟡 Gold (XAU/USD) – Bearish Flag Continuation or Breakdown Incoming?
Timeframe: 30-min
Instrument: CFDs on Gold (USD/OZ)
Author: Lissa_Blair | Published on June 22, 2025
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🔍 Technical Overview:
Gold is currently trading within a well-defined descending channel, exhibiting consistent lower highs and lower lows—a hallmark of a bearish market structure. Price is testing the upper boundary of the channel, which has previously acted as strong resistance.
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🔔 Key Technical Highlights:
1. Descending Channel:
The chart is respecting a clearly drawn bearish channel (highlighted in red).
Price is consolidating near the channel’s upper boundary, facing resistance near the $3,370 region.
2. Bearish Rejection Zone:
Multiple rejections near the Ichimoku cloud top hint at weakening bullish momentum.
The cloud has flattened, suggesting a likely consolidation before a directional move.
3. Projected Move:
The blue arrow projects a potential breakdown, targeting the $3,340–$3,345 support zone.
This level aligns with historical support and the channel bottom, increasing its reliability.
4. Volume & Volatility:
Lack of strong bullish momentum or volume confirms the bearish bias.
Expect an increase in volatility if price breaks below $3,357 support.
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📌 Trading Bias: Bearish Below $3,370
Sell Zone: Near upper channel resistance (~$3,368–$3,370)
Target Zone: $3,340 support region
Invalidation: Break and hold above $3,375
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💡 Analyst's Insight:
This setup could be a textbook bearish continuation pattern inside a descending channel. While short-term bullish spikes occur, each rally has failed to break trend structure. A breakdown from current levels could offer a high-probability shorting opportunity for active traders.
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✅ Tips to Get Featured on TradingView:
Use clean visuals: This chart utilizes color-coded zones, directional arrows, and shaded channels to simplify reading.
Explain the “Why”: Provide a strong narrative behind your projection, like the bearish channel rejection here.
Engage: Respond to comments and publish follow-ups post-breakout or breakdown.
Be consistent: Post similar structured updates regularly.
Timeframe: 30-min
Instrument: CFDs on Gold (USD/OZ)
Author: Lissa_Blair | Published on June 22, 2025
---
🔍 Technical Overview:
Gold is currently trading within a well-defined descending channel, exhibiting consistent lower highs and lower lows—a hallmark of a bearish market structure. Price is testing the upper boundary of the channel, which has previously acted as strong resistance.
---
🔔 Key Technical Highlights:
1. Descending Channel:
The chart is respecting a clearly drawn bearish channel (highlighted in red).
Price is consolidating near the channel’s upper boundary, facing resistance near the $3,370 region.
2. Bearish Rejection Zone:
Multiple rejections near the Ichimoku cloud top hint at weakening bullish momentum.
The cloud has flattened, suggesting a likely consolidation before a directional move.
3. Projected Move:
The blue arrow projects a potential breakdown, targeting the $3,340–$3,345 support zone.
This level aligns with historical support and the channel bottom, increasing its reliability.
4. Volume & Volatility:
Lack of strong bullish momentum or volume confirms the bearish bias.
Expect an increase in volatility if price breaks below $3,357 support.
---
📌 Trading Bias: Bearish Below $3,370
Sell Zone: Near upper channel resistance (~$3,368–$3,370)
Target Zone: $3,340 support region
Invalidation: Break and hold above $3,375
---
💡 Analyst's Insight:
This setup could be a textbook bearish continuation pattern inside a descending channel. While short-term bullish spikes occur, each rally has failed to break trend structure. A breakdown from current levels could offer a high-probability shorting opportunity for active traders.
---
✅ Tips to Get Featured on TradingView:
Use clean visuals: This chart utilizes color-coded zones, directional arrows, and shaded channels to simplify reading.
Explain the “Why”: Provide a strong narrative behind your projection, like the bearish channel rejection here.
Engage: Respond to comments and publish follow-ups post-breakout or breakdown.
Be consistent: Post similar structured updates regularly.
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FREE FREE JOIN TELEGRAM FREE
🔗t.me/+ua3k8HySt11hNmU0
☑️ALL PAIRS SIGNALS
☑️XAUUSD AND CRYPTO SIGNALS
☑️DAILY 3-4 SIGNALS PROVIDE
🔗t.me/+ua3k8HySt11hNmU0
☑️ALL PAIRS SIGNALS
☑️XAUUSD AND CRYPTO SIGNALS
☑️DAILY 3-4 SIGNALS PROVIDE
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.