XAUUSD is attempting to stabilize after breaking below the consolidation zone and forming a new lower low near the 3,313 support. Price action hints at a bullish rebound setup, potentially targeting the 3,375 resistance aligned with the descending red trendline. The structure may shift if price forms a higher low and retests broken support as a springboard.📈 Key Levels
- Buy zone: 3,313 – 3,320
- Sell trigger: break below 3,313
- Target: 3,375
- Buy trigger: higher low and breakout above minor resistance
💡 Risks
- Failure to reclaim 3,313 could trigger another sell-off
- Resistance trendline near 3,375 remains a rejection risk
- Lack of volume confirmation may weaken bullish scenario
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Trade active
XAUUSD is attempting to recover from a steep correction, currently stabilizing near the 3,300 support zone which aligns with a potential double bottom and bullish divergence. This range may act as a springboard if buyers step in decisively. Reclaiming the descending trendline and pushing above 3,330 could open the door to a rally toward 3,365 and the upper resistance band. Momentum confirmation remains key for continuation.
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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.