XAUUSD is attempting to stabilize just above the $3,208 zone after forming a lower low inside the downward channel. Price is compressing between the support base and descending trendline, signaling potential for breakout if buyers reclaim $3,225. A successful retest and push above this level could trigger a rally toward $3,285. Bulls will likely remain in charge if the structure holds above $3,208.📈 Key Levels
- Buy zone: 3,208 – 3,225
- Buy trigger: breakout and hold above descending trendline
- Target: 3,285
- Sell trigger: drop below 3,208
💡 Risks
- Fed comments or rate surprises may jolt gold direction.
- Sharp rebound in USD could undermine gold recovery.
- Rejection from trendline may resume the bearish structure.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade closed: target reached
The market reached TP
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🌎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.
💰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.