XAUUSD has broken down from the upward channel and is now trading below the key 3,321 level, which previously served as support. The price is forming a bearish structure beneath the black and blue trendlines, with 3,250 emerging as the next potential target. A minor relief bounce could retest 3,320, but rejection here would reinforce downside continuation.📈 Key Levels
- Sell zone: 3,315–3,330
- Sell trigger: rejection below 3,321
- Target: 3,250
- Sell confirmation: breakdown from 3,285 with momentum
💡 Risks
- False breakout above 3,321 could trap sellers
- Weak bearish momentum may result in sideways chop
- Re-entry into channel could negate bearish outlook
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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🚀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.