XAUUSD Weekly Outlook (SWING)
Price is currently approaching a crucial resistance and supply zone between 3363 – 3373. This area has historically acted as a strong rejection point and remains a significant decision level for upcoming market direction.
Bullish Scenario:
If price breaks and closes above the 3363–3373 zone and later retests it successfully—potentially around the 3400 level—this would indicate a bullish market structure shift. A strong reaction from the retest could open the path toward 3438, with a possible extension to 3500.
Bearish Scenario:
Alternatively, a rejection from the 3363–3373 supply zone without a confirmed breakout would likely trigger a downside move, targeting the lower demand area near 3250.
This 3363–3373 zone remains the key pivot. Watch for price action confirmation to validate either scenario.
Price is currently approaching a crucial resistance and supply zone between 3363 – 3373. This area has historically acted as a strong rejection point and remains a significant decision level for upcoming market direction.
Bullish Scenario:
If price breaks and closes above the 3363–3373 zone and later retests it successfully—potentially around the 3400 level—this would indicate a bullish market structure shift. A strong reaction from the retest could open the path toward 3438, with a possible extension to 3500.
Bearish Scenario:
Alternatively, a rejection from the 3363–3373 supply zone without a confirmed breakout would likely trigger a downside move, targeting the lower demand area near 3250.
This 3363–3373 zone remains the key pivot. Watch for price action confirmation to validate either scenario.
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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.
✅Free Telegram
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
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.