XAUUSD recently faced rejection at a lower high within the resistance zone and is now trading beneath a firm downward trendline. After a failed attempt to hold above $3,264, price has dropped sharply, signaling continuation of the bearish momentum that began after the breakout failed to sustain. The downtrend remains intact with sellers eyeing deeper support unless bulls reclaim $3,264 with momentum.📌 Key Levels
- Support zone: $3,150
- Breakout target: $3,150
- Invalidation level: $3,264 (local resistance / trendline retest)
⚠️ Risks
- Short-term rebounds may test the trendline before continuation
- False breakdown risk exists near $3,150 without volume support
- Unexpected bullish reversal above $3,264 would invalidate bearish bias
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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Gold continues to trace a corrective structure following a rejection from the resistance zone near 3,433. The chart shows a failed breakout attempt above the descending trendline, followed by a sharp decline and consolidation under the 3,285 key level.
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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.