🧠 Gold (XAUUSD) Technical Analysis
Gold has recently been trading within a clearly defined descending channel, which has governed price action over the past several sessions. This structure is characterized by a series of lower highs and lower lows, forming well-established channel resistance and channel support levels. However, recent bullish pressure has led price to aggressively test the upper boundary of this channel, signaling the potential for a structural breakout.
We are now at a technical inflection point, where a successful breakout and retest could mark the beginning of a significant trend reversal and short-to-medium term bullish move.
🔍 Key Technical Levels & Zones
🔷 Channel Resistance (~3,325)
The price is currently testing the descending trendline acting as channel resistance.
This area has previously rejected price several times, increasing its significance.
A confirmed break and close above this level may shift the market bias from bearish to bullish.
🔷 Central Zone – Dual Demand (~3,325–3,330)
This horizontal zone intersects with the channel resistance and aligns with two previous demand zones, now acting as a key decision area.
The market must validate this zone as new support before any sustained upward movement can occur.
🔷 Next Reversal Zone – Target (~3,370)
The next major area of interest lies around 3,370, a zone identified by previous swing highs and visible liquidity pools.
This level is likely to act as a magnet for price if bullish structure is confirmed.
📈 Price Structure Outlook
The potential breakout is supported by a strong bullish impulse off the channel support, followed by a series of higher lows suggesting growing bullish momentum. The projected movement scenario is as follows:
Break above the channel resistance
Retest and confirm the central zone as support
Continuation toward the 3,370 reversal zone
This would complete a classic break–retest–continuation pattern.
✅ Trade Considerations (Not Financial Advice)
Entry Type Entry Condition Target Stop Loss
Aggressive Break & 2H close above 3,330 3,370 Below 3,320
Conservative Retest & bullish confirmation above 3,325 3,370 Below 3,310
Risk Management:
Use position sizing aligned with your risk tolerance (max 1–2% per trade).
Monitor volume closely during breakout and retest for confirmation.
⚠️ Invalidation Scenario
If price fails to break above the channel and is rejected strongly, especially with a bearish engulfing or long upper wick, the downside could resume. In such a case, price may revisit the channel midline or even the lower boundary around 3,290.
📝 Summary
Gold is at a critical juncture, testing long-standing channel resistance.
A break above and successful retest of the 3,325–3,330 zone could lead to a rally toward 3,370.
This setup reflects a potential shift in structure from bearish to bullish on the 2H timeframe.
Gold has recently been trading within a clearly defined descending channel, which has governed price action over the past several sessions. This structure is characterized by a series of lower highs and lower lows, forming well-established channel resistance and channel support levels. However, recent bullish pressure has led price to aggressively test the upper boundary of this channel, signaling the potential for a structural breakout.
We are now at a technical inflection point, where a successful breakout and retest could mark the beginning of a significant trend reversal and short-to-medium term bullish move.
🔍 Key Technical Levels & Zones
🔷 Channel Resistance (~3,325)
The price is currently testing the descending trendline acting as channel resistance.
This area has previously rejected price several times, increasing its significance.
A confirmed break and close above this level may shift the market bias from bearish to bullish.
🔷 Central Zone – Dual Demand (~3,325–3,330)
This horizontal zone intersects with the channel resistance and aligns with two previous demand zones, now acting as a key decision area.
The market must validate this zone as new support before any sustained upward movement can occur.
🔷 Next Reversal Zone – Target (~3,370)
The next major area of interest lies around 3,370, a zone identified by previous swing highs and visible liquidity pools.
This level is likely to act as a magnet for price if bullish structure is confirmed.
📈 Price Structure Outlook
The potential breakout is supported by a strong bullish impulse off the channel support, followed by a series of higher lows suggesting growing bullish momentum. The projected movement scenario is as follows:
Break above the channel resistance
Retest and confirm the central zone as support
Continuation toward the 3,370 reversal zone
This would complete a classic break–retest–continuation pattern.
✅ Trade Considerations (Not Financial Advice)
Entry Type Entry Condition Target Stop Loss
Aggressive Break & 2H close above 3,330 3,370 Below 3,320
Conservative Retest & bullish confirmation above 3,325 3,370 Below 3,310
Risk Management:
Use position sizing aligned with your risk tolerance (max 1–2% per trade).
Monitor volume closely during breakout and retest for confirmation.
⚠️ Invalidation Scenario
If price fails to break above the channel and is rejected strongly, especially with a bearish engulfing or long upper wick, the downside could resume. In such a case, price may revisit the channel midline or even the lower boundary around 3,290.
📝 Summary
Gold is at a critical juncture, testing long-standing channel resistance.
A break above and successful retest of the 3,325–3,330 zone could lead to a rally toward 3,370.
This setup reflects a potential shift in structure from bearish to bullish on the 2H timeframe.
For Daily Trade Setups and Forecast: 📈 t.me/xauusdoptimizer
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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.
For Daily Trade Setups and Forecast: 📈 t.me/xauusdoptimizer
Premium Signals Fr33: 💯 t.me/xauusdoptimizer
🥰🥳🤩
Premium Signals Fr33: 💯 t.me/xauusdoptimizer
🥰🥳🤩
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.