Gold Crashing After Hot U.S. Data – More Pain Ahead?Minutes ago, important indices were released from the US , which catalyzed the continuation of gold's downward trend .
Key U.S. Economic Data Just Dropped!
ADP Employment: 104K
GDP q/q: 3.0%
Both came in stronger than expected , signaling that the U.S. economy is holding up better than many thought!
Strong job growth
Solid economic expansion
The result? A stronger U.S. dollar ( TVC:DXY ) and potential downward pressure on Gold .
All eyes are now on FOMC meeting .
Will the Fed still hint at future rate cuts despite the solid data? Or is the easing cycle officially on hold? What is your idea!?
----------------------
Gold ( OANDA:XAUUSD ) has already managed to break the Support zone($3,350-$3,326) , Monthly Pivot Point , 50_EMA(Daily) , Support lines , and the lower line of the ascending channel . Also, Gold trading below $3,333 plays an important role for me, which can increase the possibility of a continuation of the downtrend .
I expect Gold to drop to at least the Potential Reversal Zone(PRZ) before the FOMO meeting and if the Support zone($3,307-$3,272) is broken, we can expect further declines to $3,253(Second Target) .
--------------------------------
Information we need to know:
How should the Federal Funds Rate be announced to cause a deeper drop in Gold ?
The Fed needs to take a hawkish stance — meaning:
They keep rates unchanged, but make it clear they intend to keep them elevated for a prolonged period.
They emphasize strong economic data like today's solid ADP and GDP numbers .
They express concern that inflationary risks remain, and cutting rates isn’t on the table anytime soon.
In this case, markets get disappointed, rate cut hopes fade, and gold drops as real yields( TVC:US10Y ) rise and the U.S. dollar strengthens.
--------------------------------
Note: Stop Loss (SL) = $3,340
Gold Analyze (XAUUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold
Gold’s on a Roller Coaster — and We’re Riding It Down🎢 Gold’s on a Roller Coaster — and We’re Riding It Down 🎢
Gold just snapped up like it saw Trump tweet “TARIFFS ARE BACK” — but the move smells like a knee-jerk algo pump, not real conviction. We just rejected right into a thin-volume imbalance zone and tagged the underside of a long-standing trendline.
📉 Short Setup Locked In:
💥 Entry: 3405
🛑 Stop: 3415
🎯 Target: 3353
💰 R:R ≈ 5:1
🔍 Why I'm In This Trade:
That rip? Total headline panic, not structural strength.
Low volume shelf above, with a massive POC magnet below at 3353.
We tapped the Developing VAH (3414) and got rejected — classic trap setup.
SQZMOM showing the energy is already fizzling. Green flash, no follow-through.
🧠 The Narrative:
Gold’s trying to price in volatility from every angle — Trump talk, tariffs, macro chaos — but under the hood, this pop looks unsustainable. If this is just a liquidity grab, we could see a flush back into the meat of value fast.
Grab your helmets — this roller coaster might just be heading downhill 🎢📉
EURUSD BUYING CORRECTION AND SHORTThe price is now at a strong support level and if it can be a double bottom it will retest the descending channel line and reach the orange resistance, but in the general direction the price prefers to fall due to breaking the black uptrend line. We also have a more beautiful scenario, which is if it can break the strong support we will go with the downward trend.
Gold deeper consolidation supported at 3266The Gold remains in a bullish trend, with recent price action showing signs of a continuation breakout within the broader uptrend.
Support Zone: 3266 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 3266 would confirm ongoing upside momentum, with potential targets at:
3335 – initial resistance
3351 – psychological and structural level
3366 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 3308 would weaken the bullish outlook and suggest deeper downside risk toward:
3250 – minor support
3230 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the Gold holds above 3266. A sustained break below this level could shift momentum to the downside in the short term.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Gold Slips After Powell Speech Below 3320 Bearish Pressure BuildGOLD Overview
Market Context:
Gold declined from the 3333 level, as anticipated in yesterday’s analysis, ahead of Fed Chair Powell’s speech. Powell reiterated that it is still too early for rate cuts, citing persistently high inflation, which supported the U.S. dollar and pressured gold.
Technical Outlook:
As long as gold trades below the 3320–3310 zone, the bearish momentum is expected to continue, with the next target at 3285. A confirmed break and stability below 3285 could open the way toward 3255.
To regain bullish traction, the price must stabilize above 3320.
Support Levels: 3285 • 3255
Resistance Levels: 3333 • 3349
XAUUSD: Market Analysis and Strategy for July 31stGold Technical Analysis:
Daily chart resistance: 3351, support: 3250
4-hour chart resistance: 3335, support: 3270
1-hour chart resistance: 3315, support: 3290.
Gold was trading sideways between 3320 and 3333 yesterday before the New York market. During the US trading session, the release of US ADP employment figures and PCE price data was bearish for gold, causing it to plummet below Monday's low of 3301. The Federal Reserve held interest rates steady, and Powell's hawkish speech sent gold plummeting to around $3268.
Affected by the news, gold prices fell rapidly yesterday, reaching a low near the lower Bollinger band on the daily chart. It rebounded in the Asian session today, reaching a high near 3315. Selling is recommended in the sideways range between 3310 and 3320. The US PCE data will be released in the New York market, so avoid the news release period.
BUY: near 3290
SELL: near 3270
GOLD: Short Trading Opportunity
GOLD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry Level - 3299.9
Sl - 3304.2
Tp - 3291.3
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
NFP data is positive, the bullish trend remains unchanged#XAUUSD
The current market, influenced by data such as NFP, remains bullish, even briefly pushing towards the 4H upper limit of 3350, reaching a high near 3354.📈
In the short term, gold still has upward momentum and could even reach the previous high resistance level near 3375.🐂
Currently, gold is undergoing a technical correction and needs to begin a pullback to accumulate more bullish momentum, giving traders who previously missed the opportunity to get on board.🚀
As resistance continues to rise, support below will also rise. 📊If gold retreats below 3335-3315, consider going long.📈
🚀 SELL 3335-3315
🚀 TP 3350-3375
XAUUSD – the calm before the next breakout?Hello traders, what’s your take on the current trend in OANDA:XAUUSD ?
Looking back over the past 12 months, gold has delivered a truly impressive performance. From around $2,380 in August 2024, the precious metal surged to an all-time high of $3,432 by April this year — a gain of more than $1,000 in less than a year. But what’s more telling than the rise itself is how the market behaved afterward: instead of crashing, gold has maintained a high consolidation range, suggesting the uptrend is still very much alive.
This powerful rally didn’t happen in isolation. In a world marked by uncertainty, gold has once again asserted its role as a safe-haven asset. Inflation remains persistent across major economies, geopolitical tensions continue to stretch from Eastern Europe to the Middle East and Asia, and de-dollarization efforts by countries like China and Russia are reshaping global capital flows. None of these events alone could shake the markets, but together, they have laid the groundwork for gold’s sustained relevance.
From a technical standpoint, the long-term bullish structure remains intact. Following its peak at $3,432, gold has entered a modest correction phase — one that may well be a healthy consolidation before the next directional move.
Interestingly, while many investors remain cautious, the chart paints a different story: a market that isn’t afraid, but simply catching its breath. The real question is no longer “Can gold hold above $3,400?” but rather “Is the market gearing up for a fresh breakout — or a deeper correction?”
We may not be able to predict the future, but we can observe how price reacts at key levels. And sometimes, it’s in these seemingly quiet phases that the biggest turning points begin to form.
What do you think — is gold preparing for another leg up?
Drop your thoughts in the comments below! 👇
GOLD Short From Resistance! Sell!
Hello, Traders!
GOLD surged up sharply
On Friday and is already
Retesting the horizontal
Resistance of 3377$
From where we will be
Expecting a local pullback
On Monday as Gold
Is locally overbought
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
MAG Silver – A Pure-Play Winner in the Precious Metals RallyCompany Snapshot:
AMEX:MAG Silver is uniquely positioned as a high-beta play on silver and gold, with nearly all revenue tied to precious metals exposure—making it a standout in the current macro-driven metals bull run.
Key Catalysts:
High Leverage to Silver 🌐
With almost all income derived from silver and gold sales, MAG offers direct upside as investors flock to safe-haven assets amid inflation, rate uncertainty, and geopolitical risk.
Juanicipio Growth Engine ⛏️
Operated by top-tier partner Fresnillo, the Juanicipio project continues to scale efficiently, tapping into new high-grade zones that will further boost output and margins.
Financial Strength 💰
A debt-light balance sheet and healthy cash reserves give MAG financial flexibility, minimizing dilution risk and providing insulation during volatile market cycles.
Investment Outlook:
Bullish Entry Zone: Above $18.00–$19.00
Upside Target: $28.00–$29.00, driven by silver tailwinds, project scalability, and financial discipline.
🥇 MAG Silver stands out as a low-risk, high-reward name for investors seeking direct exposure to silver’s breakout.
#SilverStocks #Gold #MAGSilver #SafeHaven #PreciousMetals #Juanicipio #Fresnillo #CommodityRally #HardAssets #MiningStocks #InflationHedge #Geopolitics #MetalBulls
XAUUSD Gold Trading Strategy August 1, 2025
Yesterday's trading session, gold prices recovered to the 3315 area and then continued to decrease to the 3281 area. Currently, gold prices are fluctuating quite unpredictably due to the impact of tariff news and investor confidence.
Basic news: The Federal Reserve FED continues to maintain the federal funds benchmark interest rate in the range of 4.25% - 4.50%, in line with policy since 2025. Chairman Powell did not give any signal about the next interest rate cut on September 16 - 17.
Technical analysis: After falling sharply to the 3269 area, gold prices are showing signs of recovery. In the current downtrend channel, there has been a higher bottom than the bottom at H1. We can see that if the bullish pattern at H1 is confirmed, combined with the reversal candlestick appearing at H4, the possibility of gold bouncing back to reach the resistance area of 3330, even 3350 is completely possible. In the weekend trading session, we will wait at the support zones to trade.
Important price zones today: 3280 - 3285 and 3269 - 3274.
Today's trading trend: BUY.
Recommended orders:
Plan 1: BUY XAUUSD zone 3283 - 3285
SL 3280
TP 3288 - 3300 - 3310 - 3330.
Plan 2: BUY XAUSD zone 3269 - 3271
SL 3266
TP 3274 - 3284 - 3300 - 3320.
Wish you a safe, favorable and profitable trading day.🥰🥰🥰🥰🥰
Potential bearish drop?The Gold (XAU/USD) has reacted off the pivot and could drop to the 1st support.
Pivot: 3,306.31
1st Support: 3,239.07
1st Resistance: 3,357.09
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Close out the Week STRONGLooks like price has found its bottom and is ready to push from here. We are looking for a strong forceful break out from this zone so we can go for the higher levels. Everything looks right from here and value keeps shifting up. I know we should get a solid entry but waiting for it to line up with time.
GOLD falls sharply, fundamental analysis and technical positionOANDA:XAUUSD fell sharply below the $3,300/oz price level as Chairman Jerome Powell did not signal any rate cuts at his next press conference on September 16-17. He only said that “no decision has been made on September” and that “more data will be evaluated in the coming months.” Economic data undermined the case for a rate cut, while geopolitical play remained a potential support.
The Fed and Interest Rates
The Federal Reserve kept interest rates unchanged for a fifth straight meeting on Wednesday, defying persistent pressure from President Donald Trump and White House officials.
However, two members of the central bank's board dissented, a rare move in three decades that underscored growing divisions within the central bank over the impact of Trump's tariff policies.
At the meeting, the Fed kept its benchmark federal funds rate in a range of 4.25% to 4.5%, in line with policy through 2025. Last fall, the Fed cut rates by a total of 100 basis points.
However, Federal Reserve Board Governors Christopher Waller and Michelle Bowman opposed cutting interest rates by another 25 basis points, marking the first time since Alan Greenspan in 1993 that two board members have opposed a majority resolution at a meeting.
At the press conference, Chairman Jerome Powell did not signal a rate cut at the next interest rate meeting on September 16-17, saying only that “no decision has been made about September” and that “more data will be evaluated in the coming months.” Powell also noted that despite Trump’s call for a sharp 3% rate cut to reduce interest costs on US debt and stimulate the housing market, the Fed will continue to monitor the longer-term impact of tariffs on the path of inflation and economic recovery.
Market expectations for a Fed rate cut in September fell to 47% in Powell's speech.
Economic data
ADP jobs data beats expectations and is bearish
US ADP payrolls jumped 104,000 in July, beating market expectations of 75,000 and marking the biggest gain since March. The data showed continued strength in the labor market, reinforcing the Federal Reserve’s stance on keeping interest rates high. Meanwhile, the preliminary estimate of annual GDP growth in the second quarter came in at 3% (2.4% expected), and the core personal consumption expenditures price index rose 2.5% year-on-year (2.3% expected), indicating both economic resilience and inflation stability, further weakening expectations for a rate cut.
Keep an eye on the ISM manufacturing PMI and non-farm payrolls data on August 1. If the jobs numbers continue to be strong, this could reinforce the Fed’s dovish stance.
Geopolitical and Policy Plays
News of a 90-day extension of the US-China tariff deal has eased some safe-haven demand, but Trump’s August 8 deadline for a new Russia-Ukraine deal, coupled with tensions in the Middle East, continue to provide potential support for gold.
Continued purchases by central banks (such as China and India) are a positive signal in the medium to long term, but are unlikely to offset short-term pressure from the Federal Reserve’s policies.
Technical outlook for OANDA:XAUUSD
On the daily chart, gold has been sold below the $3,300 level and now the $3,300 level has become the nearest resistance at present. For now, gold will be limited by the area of the 0.382% Fibonacci retracement with the original price point of $3,300, along with that it has formed a short-term downtrend with the price channel, the next target will be around $3,246 in the short term followed by the Fibonacci retracement level noted with readers in previous publications.
On the momentum front, the Relative Strength Index is operating below 50 and is far from the oversold zone (20-0), indicating that there is still plenty of room for downside ahead.
In addition, the gold trend will also be pressured by the EMA21, as long as gold remains below the EMA21, the current technical conditions continue to favor the downside.
For the day, the technical outlook for gold is bearish with notable positions listed as follows.
Support: 3,246 – 3,228 USD
Resistance: 3,300 USD
SELL XAUUSD PRICE 3345 - 3343⚡️
↠↠ Stop Loss 3349
→Take Profit 1 3337
↨
→Take Profit 2 3331
BUY XAUUSD PRICE 3240 - 3242⚡️
↠↠ Stop Loss 3236
→Take Profit 1 3248
↨
→Take Profit 2 3254
GOLD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The instrument tests an important psychological level 3309.2
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 3296.9
Recommended Stop Loss - 3316.4
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Gold on the edge: Will 3,270 break as Fed pressure builds?Hello traders, what’s your view on XAUUSD?
Yesterday, gold remained under pressure as a series of fresh U.S. economic data reinforced expectations that the Federal Reserve will keep interest rates higher for longer. As a result, U.S. Treasury yields surged, the dollar strengthened, and gold came under renewed selling pressure. Currently, XAUUSD is trading around 3,288 USD, down 0.04% on the day.
From a technical standpoint, gold is clearly trading within a well-defined downward-sloping channel, confirming the dominance of bearish momentum. Moreover, both the EMA34 and EMA89 are acting as dynamic resistance levels, repeatedly rejecting any short-term recovery attempts—highlighting the strength of the current downtrend.
If a pullback occurs before the next leg lower, the confluence of resistance and the EMA zone will be crucial to watch. It could offer ideal conditions for potential short setups in line with the trend.
Looking ahead, the next key support lies at 3,270 USD. A break below this level could open the door for a deeper move toward the 32XX area.
What do you think? Will gold continue to drop further?
Good luck and trade safe!
GOLD BEST PLACE TO SELL FROM|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,309.55
Target Level: 3,288.24
Stop Loss: 3,323.69
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 45m
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
How to maintain stable operations before NFP dataYesterday, gold closed the month with a long upper shadow doji candlestick, indicating strong upward pressure, with monthly resistance at 3439-3451. Today marks the beginning of the month, and with the release of numerous data indicators such as NFP, unemployment benefits, and PMI, there is considerable uncertainty, so intraday trading should proceed with caution.
Judging from the daily chart, the current MACD indicator is dead cross with large volume, and the smart indicator is running oversold, indicating a low-level fluctuation trend during the day. At present, we need to pay attention to the SMA60 moving average and the daily middle track corresponding to 3327-3337 on the upper side, and pay attention to the intraday low around 3280 on the lower side. The lows of the previous two days at 3275-3268 cannot be ignored. There is a possibility that the low-level oscillation will touch the previous low again.
From the 4H chart, technical indicators are currently flat, with no significant short-term fluctuations expected. Low-level volatility is expected to persist within the day. Then just focus on the support near 3275 below and the middle track pressure near 3307 above. Looking at the hourly chart, gold is currently oscillating below the mid-range band, with resistance at 3295-3307 to watch in the short term.
Overall, the market is expected to remain volatile before the release of today's data. Based on Wednesday's ADP data, this round of data is also expected to be around $100,000. The contrast between ADP and NFP last time deserves our caution. The current market is basically optimistic about the short-selling situation, which is exactly what I am most worried about. If the gold price can stabilize above 3,300 before the NY data, the possibility of NFP data being bullish cannot be ruled out.
Intraday European trading suggestion: if the current gold price falls back to 3285-3280 and stabilizes, you can consider short-term long positions, with the target at 3295-3305. If the gold price tests the low of 3275-3268 again and does not break through, you can consider a second chance to go long. After making a profit of $10-20, you can consider exiting the market with profits. The market is volatile and unstable, so be sure to bring SL with you and pay close attention to the impact of the NFP data. Conservative investors can enter the market after the data is released.
XAUUSD Intraday Technical Analysis – Bullish Breakout SetupGold (XAUUSD) is showing signs of bullish recovery after a sharp sell-off, with current price action around 3305.86 USD hinting at a potential breakout on the 1-hour timeframe.
- Technical Overview
Price structure: After a steep decline, gold formed a base near the 3284–3299 zone and is now climbing back, with a potential inverse head-and-shoulders formation taking shape.
EMA cluster: Price is approaching the confluence of the EMA 50, EMA 100, and EMA 200, currently acting as dynamic resistance around 3309–3323. A break above these levels may confirm bullish strength.
Fibonacci retracement: The bounce appears from the 0.874 extension, indicating the end of the previous bearish leg.
Volume analysis: Increasing bullish volume supports the idea of a potential breakout.
- Key Levels to Watch
Zone Type
Price Level (USD)
Remarks
Immediate Resistance: 3,309 – 3,323 - Major test zone; overlaps with EMA 50/100
Major Resistance : 3,337 – 3,340 - Previous high; if broken confirms bullish continuation
Support Zone: 3,299 – 3,302 - Intraday support turned demand zone
Critical Support: 3,284 – 3,285 - Recent swing low; invalidates bullish view if broken
- Intraday Strategy Suggestion
Scenario 1 – Bullish Breakout
Entry: Buy on breakout and retest of 3,309–3,323
SL: Below 3,299
TP1: 3,337
TP2: 3,355
- Confirmation by strong bullish candle closing above EMA cluster and above resistance zone.
Scenario 2 – Buy on Pullback
Entry: Buy limit at 3,300–3,302
SL: Below 3,284
TP1: 3,323
TP2: 3,337
- Look for RSI divergence or bullish engulfing candle at support for higher conviction.
- Final Note
The bulls are attempting to reclaim momentum after a major correction. If gold can sustain above the 3,309 resistance and hold the 3,300 base, a short-term bullish reversal could materialize.
GOLD - Monthly breakout retest may confirm multi-year bull cycleHello everyone, what are your thoughts on the long-term outlook for XAUUSD?
Looking at the monthly chart (1M), we can clearly see that XAUUSD has broken out of the long-standing ascending channel that has held since 2015 — a major signal suggesting the start of a new bullish cycle. Price is now retesting the previously broken trendline, hinting at the possibility of a fresh upward leg to resume the longer-term bullish trend we've seen recently.
Personally, I'm targeting $3,600 in the medium term, and potentially $4,000 by 2026–2028 if institutional capital continues to rotate back into safe-haven assets like gold.
What about you — do you think BTC/USD will rise or fall in the coming years?
And what’s your target for it?
Gold: final pullback or bull trap?On the 1H chart, gold (GOLD) is forming a bullish flag after a sharp decline, which may just be a corrective move within a broader downtrend. The price is now approaching the key resistance zone around $3313–$3317 - this area holds the POC, broken trendline, and the 0.705–0.79 Fibonacci retracement from the last drop. This is the decision-making zone.
If bulls fail to push above it, we expect a move down toward $3268 - the next strong support and potential buy zone, also confirmed by Fibonacci and local demand. Stochastic divergence and slowing volume suggest a possible rebound from that level. However, if the price breaks and holds above $3317, this would indicate a local trend reversal, with targets at $3333 and $3374.
Watch the $3317 zone closely - bulls have yet to prove this is more than just a bounce.
Gold (XAU/USD) 30-Min Chart Analysis – August 1, 2025Structure Summary:
CHoCH (Change of Character) confirmed after price broke the previous lower high, signaling a potential trend reversal.
Price has since formed a bullish falling wedge (blue trendlines), a classic continuation pattern after CHoCH.
Volume spikes during reversal attempts suggest accumulation.
Trade Setup:
Entry: Breakout above wedge resistance.
Stop Loss: Below recent swing low near 3280 area (red zone).
Target: Around 3315–3320 zone (blue box), aligned with previous demand-turned-supply area.
📌 Outlook:
Bullish breakout expected if momentum sustains.
Watch for confirmation candle with volume above the wedge.
Clean R:R setup with tight SL and wide TP potential.
📊 Technical Bias: Bullish
❗Risk Management: Adjust position size based on lot exposure and account size.