🔍 XAU/USD Technical Breakdown – Bearish Setup Ahead?
Gold has been struggling against a key trendline resistance, with a strong supply zone acting as a barrier. The price is currently approaching a critical rejection area ($3,033 - $3,040), aligning with the downward trendline. A potential liquidity grab in this region could trigger a bearish reversal. Always take confirmation before executing your trade.
Expected Price Action:
A rejection from resistance, followed by a lower high formation.
A move towards the $3,010 - 3015 level, with a possible test of liquidity.
Break below could open doors for further downside.
🔴 Stop-Loss: Above the resistance zone.
🟢 Target: Key support around $2,999-$3,010.
Will the bears take control, or will bulls break through? Let’s watch how price reacts! 👀
#XAUUSD 30M Technical Analysis Expected Move.