Gold is trading inside a rising channel on the 15-minute timeframe, and we're now at a critical resistance level. This setup is giving us two potential trade opportunities:
📍 Scenario 1 – Bullish Breakout 📈
✅ If price breaks above the midline resistance, we could see a strong push towards the upper trendline at $3,120 - $3,140
✅ A confirmed breakout with momentum may even take price to fresh highs 🚀
📌 Bullish confirmation: A strong candle close above the midline with volume
📍 Scenario 2 – Bearish Rejection 📉
❌ If price fails to break above, we might see a drop back towards the lower trendline at $2,980 - $2,960
❌ A false breakout (wick above resistance but no strong close) could signal a reversal 📉
📌 Bearish confirmation: Rejection candle with increased selling pressure
🔎 Key Levels to Watch:
🔹 Resistance: $3,080 (midline), $3,120 (upper channel)
🔹 Support: $3,000 (psychological), $2,980 (lower channel)
📢 What’s your bias? Do you see Gold breaking out or pulling back? Drop a comment below! 👇🔥
#XAUUSD #Gold #Forex #TradingView #PriceAction #Breakout #TechnicalAnalysis
📍 Scenario 1 – Bullish Breakout 📈
✅ If price breaks above the midline resistance, we could see a strong push towards the upper trendline at $3,120 - $3,140
✅ A confirmed breakout with momentum may even take price to fresh highs 🚀
📌 Bullish confirmation: A strong candle close above the midline with volume
📍 Scenario 2 – Bearish Rejection 📉
❌ If price fails to break above, we might see a drop back towards the lower trendline at $2,980 - $2,960
❌ A false breakout (wick above resistance but no strong close) could signal a reversal 📉
📌 Bearish confirmation: Rejection candle with increased selling pressure
🔎 Key Levels to Watch:
🔹 Resistance: $3,080 (midline), $3,120 (upper channel)
🔹 Support: $3,000 (psychological), $2,980 (lower channel)
📢 What’s your bias? Do you see Gold breaking out or pulling back? Drop a comment below! 👇🔥
#XAUUSD #Gold #Forex #TradingView #PriceAction #Breakout #TechnicalAnalysis
Trade closed: target reached
Xauusd hit the final target profit
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Disclaimer
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