XAUUSD is pulling back within the upward channel after topping near the 3,410 resistance zone. Price is currently holding above 3,330 support and aligning with the channel base, signaling potential for a bullish rebound. A push above 3,350 could open the way toward 3,385, while a drop under 3,315 risks deeper correction.📉 Key Levels
- Buy trigger: Break above 3,350
- Buy zone: 3,328–3,350
- Target: 3,385
- Invalidation: Close below 3,320
💡 Risks
- Failure to hold upward channel support
- Strengthening USD pressuring gold
- Sudden macroeconomic news impacting safe-haven demand
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Trade active
XAUUSD is rebounding from the 3,330 support level after holding the upward trendline and defending the recent corrective move. Price is currently coiling within a wedge formation just under the descending resistance line. As long as 3,330 holds, buyers could aim for the 3,400 zone. Overall momentum favors a bullish continuation toward the upper resistance structure.
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🌎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.
💰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.