XAUUSD is consolidating after a rejection from the descending resistance trendline near 3345, with price now approaching the prior demand zone around 3265. If this support holds, a bullish reaction could propel price back toward the 3345–3350 zone for another retest. The broader pattern reflects a potential higher low forming against the downward trendline. A bounce here would confirm bullish interest and set the stage for continuation higher.📈 Key Levels
- Buy zone: 3265
- Buy trigger: bullish reaction from support or breakout above 3300
- Target: 3345
- Sell trigger: break below 3265
💡 Risks
- Failure to hold 3265 support could trigger sharp downside
- False breakouts near 3345 remain a threat
- Market-sensitive data could increase volatility
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Trade active
XAUUSD is maintaining bullish structure, forming a higher low just above the $3,300 support and the lower boundary of its upward channel. The price is coiling just under trendline resistance with signs of compression, suggesting a breakout attempt is approaching. A clean push above $3,330 could initiate momentum toward the $3,365 target. Holding the black trendline is critical for this 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 FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.