The price perfectly fulfilled my previous idea. 
XAUUSD bounced from the higher low and is now testing the key resistance around 3330, where the downward trendline intersects the prior weekly high (PWH). Price remains within the broader upward channel, but signs of rejection could lead to a retest of the 3215 support area. Bulls must reclaim and hold above the descending trendline to regain control. A failure here would confirm another lower high and open downside risk.
📈 Key Levels
💡 Risks
XAUUSD bounced from the higher low and is now testing the key resistance around 3330, where the downward trendline intersects the prior weekly high (PWH). Price remains within the broader upward channel, but signs of rejection could lead to a retest of the 3215 support area. Bulls must reclaim and hold above the descending trendline to regain control. A failure here would confirm another lower high and open downside risk.📈 Key Levels
- Buy zone: 3215 – 3230
- Buy trigger: breakout above 3330 and trendline retest
- Target: 3494
- Sell trigger: rejection from 3330 resistance
💡 Risks
- Macro catalysts (FOMC, CPI) could trigger volatility.
- Repeated failure to reclaim trendline may deepen bearish pressure.
- Higher low remains valid unless 3215 breaks decisively.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade active
Gold is testing a key resistance near 3,350 after an impressive rebound from the 3,127 low. Price reclaimed the upward trendline and completed a strong impulse leg from the triangle base. However, this area aligns with the previous range ceiling and intersects the red resistance line, hinting at potential exhaustion. A rejection here could open a pullback toward the 3,275–3,280 support zone.
💰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
Related publications
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
Related publications
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.