XAUUSD is approaching the key resistance near 3360 after rebounding from the 3245 support level and breaking out of the downward channel. Price is now testing the upward trendline from below, intersecting with the red descending trendline and horizontal resistance. If this confluence zone rejects the rally, a return toward 3305 or lower is likely, forming a potential bearish retest.📉 Key Levels
- Sell zone: 3350–3360
- Buy trigger: breakout above 3360 with close above 3375
- Target: 3305
- Sell trigger: rejection from 3360 and break of 3340
⚠️ Risks
- Break and retest of 3360 may invalidate short setup
- Volatility around red trendline could trigger fakeouts
- Demand near 3305 may cause sharp bounces if sellers stall
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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GOLD is testing a key resistance zone at 3,363 after rebounding sharply from the 3,250–3,300 support range. The asset recently broke above a downward trendline but now faces a confluence of resistance from the prior channel structure. A rejection from the current level could initiate a correction back toward the 3,300 psychological level or even retest 3,250 if bearish pressure resumes.
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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.