XAUUSD made a strong bullish run, but after reaching the top near 3500, the price entered a sideways range and recently broke below the upward trend-line. Now it’s retesting the 3,283–3,300 zone, which may act as resistance. If price fails here, we could see a drop back to the 3,150 support area. Bulls will need a solid recovery above 3,300 to regain control.📈 Key Levels
- Sell zone: 3,283 – 3,300
- Sell trigger: rejection from retest area
- Target: 3,150
- Buy trigger: strong breakout and hold above 3,300
💡 Risks
- Gold is sensitive to US macro data this week (FOMC, NFP, PCE).
- Retest of the trend-line might trigger volatility and fakeouts.
- Break above 3,300 could invalidate the bearish scenario.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade active
Gold is recovering from the recent low near 3,200, but price remains within a downward channel. Current momentum is pushing toward the 3,285 resistance and the downward trend-line. If the price fails to break this area cleanly, we may see a continuation lower back toward 3,228 and possibly the 3,200 support.
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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.