Gold (XAUUSD) is respecting the descending trendline on the 30-minute timeframe with multiple rejections confirming the bearish structure.
The downtrend remains intact unless price decisively breaks above $3,370. A potential downside target near $3,310 remains in focus.
Ichimoku Cloud indicates selling pressure with resistance from the Kumo. Watch for price action confirmation near $3,342 support and $3,370 invalidation level.
Disclaimer: This is not financial advice. Trade at your own risk.
The downtrend remains intact unless price decisively breaks above $3,370. A potential downside target near $3,310 remains in focus.
Ichimoku Cloud indicates selling pressure with resistance from the Kumo. Watch for price action confirmation near $3,342 support and $3,370 invalidation level.
Disclaimer: This is not financial advice. Trade at your own risk.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.