📉 Trend Reversal Underway – Prepare for Lower Levels
The daily structure on Gold (XAUUSD) confirms a shift from accumulation to distribution.
Here's what stands out:
🔻 Key Breakdown Factors:
Failure at O_FIB Rejection Zone
The price failed to sustain above the upper Fib extension and supply zone (marked in red). Multiple attempts at reclaiming this level have resulted in sharp rejections, signaling exhaustion of buyers.
Break of Mid-Range Structure
We've decisively closed below the range midpoint, with strong bearish daily candles. This confirms loss of control by bulls and opens the door for a move toward deeper retracement zones.
Support Zones Exposed
The 0.618 FIB & 100 MA area around ~3160 is now a primary target. This zone held previously, but repeated touches weaken structure.
The 1.0 FIB & 200 MA zone around ~2960 is the macro support target. If sentiment continues to deteriorate, this will be the magnet.
EMA Crosses Rolling Over
Price has decisively lost the 9/21 EMA zone. Until a daily close reclaims this zone (~3335+), bearish momentum remains valid.
📉 Bearish RSI Momentum
While not a primary signal, RSI confirms momentum divergence and bear control below the midline. No sign of reversal.
🎯 Bearish Bias Until Reclaim of 3335 Zone
📌 Next Target = 3160, then 2960
🛑 Invalidation = Daily close above 3340 with strong volume and reclaim structure
This is not a short-term pullback — it's the beginning of a deeper correction. Gold is no longer in the “safe-haven” trade. Be patient, position with structure, and let the trend do the work.
Focus will be on fading the traps on pullbacks into structure.
The daily structure on Gold (XAUUSD) confirms a shift from accumulation to distribution.
Here's what stands out:
🔻 Key Breakdown Factors:
Failure at O_FIB Rejection Zone
The price failed to sustain above the upper Fib extension and supply zone (marked in red). Multiple attempts at reclaiming this level have resulted in sharp rejections, signaling exhaustion of buyers.
Break of Mid-Range Structure
We've decisively closed below the range midpoint, with strong bearish daily candles. This confirms loss of control by bulls and opens the door for a move toward deeper retracement zones.
Support Zones Exposed
The 0.618 FIB & 100 MA area around ~3160 is now a primary target. This zone held previously, but repeated touches weaken structure.
The 1.0 FIB & 200 MA zone around ~2960 is the macro support target. If sentiment continues to deteriorate, this will be the magnet.
EMA Crosses Rolling Over
Price has decisively lost the 9/21 EMA zone. Until a daily close reclaims this zone (~3335+), bearish momentum remains valid.
📉 Bearish RSI Momentum
While not a primary signal, RSI confirms momentum divergence and bear control below the midline. No sign of reversal.
🎯 Bearish Bias Until Reclaim of 3335 Zone
📌 Next Target = 3160, then 2960
🛑 Invalidation = Daily close above 3340 with strong volume and reclaim structure
This is not a short-term pullback — it's the beginning of a deeper correction. Gold is no longer in the “safe-haven” trade. Be patient, position with structure, and let the trend do the work.
Focus will be on fading the traps on pullbacks into structure.
Trade active
Trade 1 entered at 3346 | EMA crossover and accumulation breakdown.Note
First target achieved at 3295
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.
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.