XAUUSD has formed multiple lower highs near the 3376–3380 zone, consistently rejecting the descending red trendline within the resistance area. Despite a strong rebound from the May low, price is now testing the underside of this multi-touch resistance and stalling just under 3376. A rejection from this region may trigger a drop toward the support level at 3265.📈 Key Levels
- Sell zone: 3370–3376
- Sell trigger: breakdown below 3340
- Target: 3265
- Buy trigger: breakout above 3385 with momentum
💡 Risks
- Breaking above 3385 would invalidate the bearish thesis
- False breakout patterns are present, so wicks above may trap sellers
- Trendline support around 3300 must hold to avoid further downside momentum
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
💰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.
💰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.