Disruptive (Bearish) Scenarios:
1. False Breakout Risk
The recent bullish candles could be a bull trap.
Price may test the “support” trendline, fail to hold, and break downwards instead of continuing upward.
Watch for rejection near the target area or sharp sell-offs on high volume.
2. Overhead Resistance Zone
Price is approaching historical resistance near the $3,350–$3,355 area.
If it fails to close above this level on strong volume, it may reverse sharply.
3. Divergence Warning (Check RSI/MACD)
If you check oscillators like RSI or MACD, and they show bearish divergence (price makes higher highs, indicator makes lower highs), that could signal a weakening bullish momentum.
4. Volume Decline
The volume spikes on the recent bullish move, but volume drops afterward could indicate lack of buying interest to sustain the rally.
5. Fundamental Triggers
Any sudden macroeconomic news (e.g. strong USD data, interest rate hikes, geopolitical developments) could trigger a sharp selloff in gold, invalidating the bullish setup.
1. False Breakout Risk
The recent bullish candles could be a bull trap.
Price may test the “support” trendline, fail to hold, and break downwards instead of continuing upward.
Watch for rejection near the target area or sharp sell-offs on high volume.
2. Overhead Resistance Zone
Price is approaching historical resistance near the $3,350–$3,355 area.
If it fails to close above this level on strong volume, it may reverse sharply.
3. Divergence Warning (Check RSI/MACD)
If you check oscillators like RSI or MACD, and they show bearish divergence (price makes higher highs, indicator makes lower highs), that could signal a weakening bullish momentum.
4. Volume Decline
The volume spikes on the recent bullish move, but volume drops afterward could indicate lack of buying interest to sustain the rally.
5. Fundamental Triggers
Any sudden macroeconomic news (e.g. strong USD data, interest rate hikes, geopolitical developments) could trigger a sharp selloff in gold, invalidating the bullish setup.
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.
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.