Gold (XAU/USD) is showing signs of a potential upward reversal after bouncing from the $3,350 support zone. The earlier symmetrical triangle (A-B-C-D) breakout led to sideways consolidation before a retracement. Price action now suggests bullish momentum could target $3,385, with strong support holding near $3,340. A break above the short-term resistance could confirm the rebound toward higher levels.
1. Symmetrical Triangle Breakout – The A-B-C-D pattern indicated price compression, followed by an upside breakout, showing bullish bias.
2. Support Zone – Strong support is established around $3,340–$3,350, holding despite recent selling pressure.
3. Retracement Phase – Price pulled back after peaking near $3,400, creating a lower-high sequence.
4. Bullish Reversal Signal – Recent bounce from support suggests buyers are stepping back in.
5. Upside Target – Immediate resistance lies near $3,385; a break above could lead toward the $3,400 zone.
6. Risk Factor – Failure to hold above $3,340 could open the door for further downside correction.
1. Symmetrical Triangle Breakout – The A-B-C-D pattern indicated price compression, followed by an upside breakout, showing bullish bias.
2. Support Zone – Strong support is established around $3,340–$3,350, holding despite recent selling pressure.
3. Retracement Phase – Price pulled back after peaking near $3,400, creating a lower-high sequence.
4. Bullish Reversal Signal – Recent bounce from support suggests buyers are stepping back in.
5. Upside Target – Immediate resistance lies near $3,385; a break above could lead toward the $3,400 zone.
6. Risk Factor – Failure to hold above $3,340 could open the door for further downside correction.
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𝐉𝐨𝐢𝐧 𝐮𝐬 𝐨𝐧 𝐓𝐞𝐥𝐞𝐠𝐫𝐚𝐦
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𝐅𝐫𝐞𝐞 𝐒𝐢𝐠𝐧𝐚𝐥𝐬 𝐟𝐨𝐫 𝐥𝐢𝐟𝐞𝐭𝐢𝐦𝐞
𝐆𝐎𝐋𝐃 ♠️
GBPUSD♠️
𝐁𝐓𝐂𝐔𝐒𝐃♠️
𝐎𝐭𝐡𝐞𝐫 𝐀𝐥𝐥 𝐏𝐚𝐢𝐫𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞
𝐉𝐨𝐢𝐧 𝐮𝐬 𝐨𝐧 𝐓𝐞𝐥𝐞𝐠𝐫𝐚𝐦
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