Gold is currently sitting at a critical decision zone, testing the trendline and potential breaker structure after failing to break the Previous Day High (PDH) and reacting from Order Point (OP).
🔍 Key Observations:
Price rejected from PDH + OP zone with a clean bearish reaction.
Now sitting on a key ascending trendline and the Previous Day Low (PDL).
Structural Support Sweep (SSS) remains a major clue that downside may not be over.
If price confirms breakdown below PDL + Trendline, expect price to reach 3290, followed by 3270 and even Recent Broken Resistance zone near 3250.
📌 Bias: Bearish
📈 Trigger: Break and retest of trendline + PDL
📉 Target Zones:
– TP1: 3290
– TP2: 3270
– TP3: 3250
💡 Key Note for Chart Watchers:
Watch for fakeouts around 3330–3345. Confirmation comes only on solid 15min close below PDL and failure to reclaim OP zone.
🕰️ Let NY session provide final direction – this setup builds anticipation.
🔍 Key Observations:
Price rejected from PDH + OP zone with a clean bearish reaction.
Now sitting on a key ascending trendline and the Previous Day Low (PDL).
Structural Support Sweep (SSS) remains a major clue that downside may not be over.
If price confirms breakdown below PDL + Trendline, expect price to reach 3290, followed by 3270 and even Recent Broken Resistance zone near 3250.
📌 Bias: Bearish
📈 Trigger: Break and retest of trendline + PDL
📉 Target Zones:
– TP1: 3290
– TP2: 3270
– TP3: 3250
💡 Key Note for Chart Watchers:
Watch for fakeouts around 3330–3345. Confirmation comes only on solid 15min close below PDL and failure to reclaim OP zone.
🕰️ Let NY session provide final direction – this setup builds anticipation.
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.
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.