XAUUSD – Bearish pressure still prevails, watch for SELL in the direction of the trend
Yesterday's session witnessed a strong decline when the D1 candle closed with selling pressure up to 60 prices, forming a key candle that shapes the trend. When the market forms a main candle, the 25% and 50% candle body areas are often important price areas to continue trading in the direction of the main trend.
In the current context, the priority strategy will be to sell in the direction of the downtrend when the price rebounds to the resistance areas and there is a rejection signal.
🔹 Important resistance areas:
3301 – 3312 – 3333
🔸 Target support areas:
3285 – 3270 – 3250
🎯 Trading strategy:
Prioritize SELLing at the resistance area of 3301–3312 when there is a price reaction (rejection).
Target: 3250
BUY only considered when 3313 area is broken decisively.
Staying disciplined and sticking to the reaction price zone will be key in the context of the market moving in a clear trend.
Yesterday's session witnessed a strong decline when the D1 candle closed with selling pressure up to 60 prices, forming a key candle that shapes the trend. When the market forms a main candle, the 25% and 50% candle body areas are often important price areas to continue trading in the direction of the main trend.
In the current context, the priority strategy will be to sell in the direction of the downtrend when the price rebounds to the resistance areas and there is a rejection signal.
🔹 Important resistance areas:
3301 – 3312 – 3333
🔸 Target support areas:
3285 – 3270 – 3250
🎯 Trading strategy:
Prioritize SELLing at the resistance area of 3301–3312 when there is a price reaction (rejection).
Target: 3250
BUY only considered when 3313 area is broken decisively.
Staying disciplined and sticking to the reaction price zone will be key in the context of the market moving in a clear trend.
Trade active
Gold maintains its daily gains around $3,300After retreating markedly on Wednesday, Gold rebounds moderately and remains positive at about $3,300 per troy ounce on Thursday. The precious metal’s rebound comes in response to the daily retracement in US yields across the curve and the so far irresolute price action in the Greenback.
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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.
JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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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.