XAUUSD Sell Setup – Short from Resistance at 3350
Gold (XAUUSD) has approached a key resistance level around 3350, where previous price action suggests potential for bearish reversal. With the current momentum showing signs of exhaustion, we’re looking for a short opportunity from this zone.
Trade Idea:
Sell Entry: 3350 (resistance level)
Target 1: 3310 – Minor support / first reaction zone
Target 2: 3290 – Key support area
Target 3: 3250 – Major support & potential full TP zone
Stop Loss: Above recent swing high (suggested: 3360–3370)
Analysis:
Price has formed a potential double top / rejection wicks near 3350, signaling possible downside. A break below 3310 will likely accelerate bearish momentum.
Risk Management:
Use proper lot sizing and move SL to breakeven after TP1 for a safe ride to lower targets.
Gold (XAUUSD) has approached a key resistance level around 3350, where previous price action suggests potential for bearish reversal. With the current momentum showing signs of exhaustion, we’re looking for a short opportunity from this zone.
Trade Idea:
Sell Entry: 3350 (resistance level)
Target 1: 3310 – Minor support / first reaction zone
Target 2: 3290 – Key support area
Target 3: 3250 – Major support & potential full TP zone
Stop Loss: Above recent swing high (suggested: 3360–3370)
Analysis:
Price has formed a potential double top / rejection wicks near 3350, signaling possible downside. A break below 3310 will likely accelerate bearish momentum.
Risk Management:
Use proper lot sizing and move SL to breakeven after TP1 for a safe ride to lower targets.
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Join My Telegram Channel
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BEST BROKER EXNESS
JOIN EXNESS WITH OUR REFERAL LINK ;
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FREE TELEGRAM CHANNEL :
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BEST BROKER EXNESS
JOIN EXNESS WITH OUR REFERAL LINK ;
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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.