Gold is retesting the descending trendline around 3,366, but rejection signals are starting to emerge. The recent bounce only tapped into a Fair Value Gap – a hidden liquidity zone – and is now losing momentum.
The structure remains bearish with lower highs, and the downtrend channel continues to dominate price action. If 3,366 gets rejected again, a sharp move toward 3,304 could be triggered – or even lower.
Fresh news supports the bearish case:
U.S. jobless claims beat expectations → USD strengthens
Iran–Israel ceasefire → Gold loses safe-haven appeal
The structure remains bearish with lower highs, and the downtrend channel continues to dominate price action. If 3,366 gets rejected again, a sharp move toward 3,304 could be triggered – or even lower.
Fresh news supports the bearish case:
U.S. jobless claims beat expectations → USD strengthens
Iran–Israel ceasefire → Gold loses safe-haven appeal
Trade active
Trade closed: target reached
Note
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Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.