XAU/USD Bearish Breakout Setup
Price has broken below the ascending trendline support, signaling a potential shift in market structure. The major resistance zone around 3,388 has held, leading to a lower high and breakdown. If price sustains below the trendline and retests it unsuccessfully, further downside towards the target zone of 3,252 is likely. Continuation beyond that level could push price toward the next key support around 3,120.165.
Price has broken below the ascending trendline support, signaling a potential shift in market structure. The major resistance zone around 3,388 has held, leading to a lower high and breakdown. If price sustains below the trendline and retests it unsuccessfully, further downside towards the target zone of 3,252 is likely. Continuation beyond that level could push price toward the next key support around 3,120.165.
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🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
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Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.