XAUUSD 15Min Analysis – June 2
Price broke out of the descending channel and tapped into a potential reversal zone. Still respecting the gap zone below, which may act as a magnet for price. Key levels ahead:
Watch for reaction at the 3316–3331 resistance
Clean breakout = bullish continuation
Rejection = short opportunity back to gap zone
📌 Bias: Short-term bullish to key resistance zone, then watch for reversal
🕳 GAP below = high chance of revisit
⏳ Waiting for confirmation before re-entry
Price broke out of the descending channel and tapped into a potential reversal zone. Still respecting the gap zone below, which may act as a magnet for price. Key levels ahead:
Watch for reaction at the 3316–3331 resistance
Clean breakout = bullish continuation
Rejection = short opportunity back to gap zone
📌 Bias: Short-term bullish to key resistance zone, then watch for reversal
🕳 GAP below = high chance of revisit
⏳ Waiting for confirmation before re-entry
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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.
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.