XAUUSD is pulling back into the confluence zone between the black trendline and the 3,353–3,355 support, aligning with the breakout zone of a previous triangle pattern. Despite the drop, the overall structure remains bullish, especially if this retest holds. A bounce here would confirm the upward channel continuation toward the 3,400 key level.📈 Key Levels
- Buy zone: 3,350–3,355
- Sell trigger: breakdown below 3,353
- Target: 3,400
- Buy trigger: clear bullish reversal from trendline support
💡 Risks
- Break below 3,353 may shift bias to neutral or bearish
- Sharp dollar strength could weigh on gold's recovery
- Failure to break above the triangle again may trap early buyers
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Trade active
XAUUSD has formed a potential double bottom around the 3344–3346 level, coinciding with the upward trendline support and prior breakout zone. A slight bullish divergence hints at possible reversal strength building. If the price breaks above the neckline near 3383, it could trigger a measured move toward the 3450 resistance zone.
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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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.