Gold (XAUUSD) has shown strong bearish momentum after a clear supply zone rejection. Price failed to hold above 3,310 and broke down sharply. A short position was executed near the 3,300 region with a target toward the 3,254–3,253 demand zone.
Key confluences:
Breakdown from a rising wedge pattern
Strong bearish volume candle confirmation
Clean retest and rejection of minor resistance at 3,300
Risk-reward ratio aligned with smart trade management
This move has already delivered over 600+ pips, showcasing the power of technical precision and discipline. Zones and price action remain valid unless a clear reversal structure forms above 3,310.
📉 Let the chart speak — analysis based on structure, not hype.
Key confluences:
Breakdown from a rising wedge pattern
Strong bearish volume candle confirmation
Clean retest and rejection of minor resistance at 3,300
Risk-reward ratio aligned with smart trade management
This move has already delivered over 600+ pips, showcasing the power of technical precision and discipline. Zones and price action remain valid unless a clear reversal structure forms above 3,310.
📉 Let the chart speak — analysis based on structure, not hype.
Trade active
its time to trade activeTrade closed: target reached
hold fo 7 hours
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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.
Related publications
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.