Currently, price action on the 30-minute chart is showing signs of weakness as it hovers near a key support level at around 3310. The chart has been respecting an ascending trendline, but now we see price attempting to break below this trendline 📉.
🔸 Resistance Zone: 3326
🔸 Support Zone: 3309
🔸 Bearish Target Area: 3275–3280 region
🔸Bullish Target Area : 3400
🚨 If the price breaks below the support and the ascending trendline is invalidated, we may see further downside movement, with a potential target near the 3280 zone, which aligns with a previous demand area.
🛑 Watch for confirmation (bearish engulfing candle or retest rejection) before entering a short position.
💡 Bias: Bearish below 3310
📌 Next Key Support: 3245
Let me know your thoughts in the comments! 💬
📊 Trade safe and always manage your risk! 🛡️
🔸 Resistance Zone: 3326
🔸 Support Zone: 3309
🔸 Bearish Target Area: 3275–3280 region
🔸Bullish Target Area : 3400
🚨 If the price breaks below the support and the ascending trendline is invalidated, we may see further downside movement, with a potential target near the 3280 zone, which aligns with a previous demand area.
🛑 Watch for confirmation (bearish engulfing candle or retest rejection) before entering a short position.
💡 Bias: Bearish below 3310
📌 Next Key Support: 3245
Let me know your thoughts in the comments! 💬
📊 Trade safe and always manage your risk! 🛡️
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📊 Fundamentals & Technical Insights
💹 Gold & GBP Specialists
📈 Weekly Targets: 1000-1500 Pips
⚡ Mastering Chart Patterns Together
💰 Account management
📥 Join us t.me/+T7r9lXlvJc01MTdk
💹 Gold & GBP Specialists
📈 Weekly Targets: 1000-1500 Pips
⚡ Mastering Chart Patterns Together
💰 Account management
📥 Join us t.me/+T7r9lXlvJc01MTdk
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.