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Gold Spot / U.S. Dollar
Short
Updated

Gold Showing Signs of Reversal After Hitting Key Resistance

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Hello Guys.

Gold has reached a major resistance zone around 3439–3425, which has already acted as a strong ceiling in the past. The price tapped into this area again, forming a clear divergence, and failed to break higher.

Here’s what stands out:

  • Divergence signals a weakening bullish momentum at the top.
  • The price rejected the resistance and is now breaking structure to the downside.
  • A minor pullback may occur before continuation, as shown in the projected moves.

    * First target: 3259.792
    * Second target (if support breaks): 3136.869,     a deeper zone for potential bounce or further drop.


This setup hints at a bearish trend building up. Stay cautious on longs unless the price structure changes again.
Trade active
Note
snapshot
Trade closed: target reached
snapshot

so close to the first target
melikatrader94
👉 My recommended broker: bit.ly/HYMCMELI
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Telegram channel: t.me/melikatrader94

Forex telegram channel: t.me/melikatrader94GoldForex
Also on:
Beyond Technical AnalysisChart PatternsGoldgoldpredictiongoldsellgoldshortgoldsignalsTrend AnalysisXAUUSD

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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.
Beyond Technical AnalysisChart PatternsGoldgoldpredictiongoldsellgoldshortgoldsignalsTrend AnalysisXAUUSD
melikatrader94
👉 My recommended broker: bit.ly/HYMCMELI
____


Telegram channel: t.me/melikatrader94

Forex telegram channel: t.me/melikatrader94GoldForex
Also on:

Related publications

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.