Gold (XAUUSD) has broken below its rising channel structure, signaling a shift from bullish momentum to potential bearish continuation. After a sharp rejection from the $3,167 high, price is currently consolidating just below the psychological $3,000 level, which now acts as resistance.
Key Technical Zones:
Current Price: $2,985
Resistance Zone: $3,000 – $3,005 (key rejection area)
Support Targets:
TP1: $2,923
TP2: $2,844
TP3: $2,832 (swing low)
Bearish Trade Setup:
📉 Entry Zone: If price retests and rejects the $3,000 resistance
📈 Invalidation Level: Break above $3,005
📉 Target Zones:
$2,923 – Previous structure support
$2,844 – $2,832 – Deeper support and channel base
Technical Confluence:
✅ Bearish flag formation following strong impulsive sell-off
✅ Channel break confirms shift in trend
✅ Lower highs and bearish momentum building beneath $3,000
✅ Strong psychological resistance at $3,000
Key Technical Zones:
Current Price: $2,985
Resistance Zone: $3,000 – $3,005 (key rejection area)
Support Targets:
TP1: $2,923
TP2: $2,844
TP3: $2,832 (swing low)
Bearish Trade Setup:
📉 Entry Zone: If price retests and rejects the $3,000 resistance
📈 Invalidation Level: Break above $3,005
📉 Target Zones:
$2,923 – Previous structure support
$2,844 – $2,832 – Deeper support and channel base
Technical Confluence:
✅ Bearish flag formation following strong impulsive sell-off
✅ Channel break confirms shift in trend
✅ Lower highs and bearish momentum building beneath $3,000
✅ Strong psychological resistance at $3,000
📊 Forex Signals | Free Daily Alerts
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
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.
📊 Forex Signals | Free Daily Alerts
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
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.