XAUUSD recently rebounded from the support level near 3280 and pushed upward into the 3329 resistance zone. However, the price is struggling to break above both the red descending trendline and the horizontal supply zone, suggesting exhaustion of bullish momentum. A lower high formation and rejection from this confluence area signal a likely bearish continuation. If confirmed, price may slide toward 3305, with potential to revisit the 3280 support area.📉 Key Levels
- Sell trigger: rejection from 3330 with bearish confirmation
- Sell zone: 3325–3330 (confluence of horizontal and diagonal resistance)
- Target: 3305 first, extended to 3282.3
- Invalidation: strong hourly close above 3330 breaks bearish structure
💡 Risks
- False breakout traps near 3305 may reverse sentiment
- Unexpected macro events (CPI, Fed comments) can shift short-term trend
- Price bouncing at 3305 before full target reach might attract dip buyers
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.