XAUUSD is approaching a critical retest of the broken upward trendline and swap zone near 3342 after failing to maintain resistance above the 3400 area. The prior double top pattern and bearish divergence signal weakening momentum. If the price is rejected at the retest level, a move toward 3300 becomes likely.📉 Key Levels
- Sell trigger: rejection from 3340-3350 with lower high
- Buy zone: 3295–3300
- Target: 3300 and potentially 3245
- Buy trigger: reclaim of 3342 with strong bullish candle
💡 Risks
- Breakout above 3342 could reverse structure
- Support at 3300 may hold firm on the first test
- Weak volume could lead to fake moves in tight consolidation
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Trade active
XAUUSD is rising within a potential flag structure after a rebound from the 3,275 support level. Despite a fake breakout near the resistance zone, the price is now approaching a key rejection level around 3,355, where bearish pressure previously emerged. If this resistance holds, gold may resume its downward move toward 3,293 or even lower.
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🌎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.