Gold (XAUUSD) is now testing a critical Rejection Area 📍 (around 3,328–3,333), right beneath a minor CHOCH zone. This is a key decision level, and I'm just waiting for price to show its intrest – no early entries here. ⚠️
🔼 Bullish Scenario:
Price fails to hold above minor CHOCH ✅
Comes back to retest the Rejection Area as support 🧱
If we get a clean bounce + confirmation, I’ll look for buys toward 3,346 → 3,360 🎯
🔽 Bearish Scenario:
Price rejects from minor CHOCH ❌
Gives strong bearish confirmation 🔻
Then retests the Rejection Area as resistance 🚫
That’s my cue to short toward 3,310 → 3,295 📉
NOTE: possibility is that market take all liquidity from sell side. Avoid Taking any trade untill setup is clean.
Being patient here. Confirmation is everything! Let’s see🔍💡
Avoid Mid-Zone Entries!
🔼 Bullish Scenario:
Price fails to hold above minor CHOCH ✅
Comes back to retest the Rejection Area as support 🧱
If we get a clean bounce + confirmation, I’ll look for buys toward 3,346 → 3,360 🎯
🔽 Bearish Scenario:
Price rejects from minor CHOCH ❌
Gives strong bearish confirmation 🔻
Then retests the Rejection Area as resistance 🚫
That’s my cue to short toward 3,310 → 3,295 📉
NOTE: possibility is that market take all liquidity from sell side. Avoid Taking any trade untill setup is clean.
Being patient here. Confirmation is everything! Let’s see🔍💡
Avoid Mid-Zone Entries!
Trade active
Trade closed: target reached
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.
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.