“Gold Price Action Signals Fresh Sell Pressure Below $3,365”
Gold (XAUUSD) Technical Outlook - Bearish Setup
1. Supply Zone Rejection
Price recently tested the $3,355 - $3,365 supply zone and faced rejection, indicating strong selling pressure from this area. This confirms sellers are in control near resistance.
2. Trendline Breakdown
An earlier upward trendline was broken, which shifts market sentiment from bullish to bearish. This breakdown suggests momentum is favoring the downside.
3. Key Support Levels
The immediate support lies near $3,320 (1st target), followed by a broader $3,285 -$3,300 zone (2nd target). These levels are crucial for short-term price reactions.
4. Demand Zone Watch
A stronger demand area exists between $3,270 - $3,285. If price extends lower, buyers may attempt to defend this zone.
5. Bearish Bias
As long as price stays below $3,365 resistance, the short-term outlook remains bearish, with potential continuation toward the demand zone.
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1. Supply Zone Rejection
Price recently tested the $3,355 - $3,365 supply zone and faced rejection, indicating strong selling pressure from this area. This confirms sellers are in control near resistance.
2. Trendline Breakdown
An earlier upward trendline was broken, which shifts market sentiment from bullish to bearish. This breakdown suggests momentum is favoring the downside.
3. Key Support Levels
The immediate support lies near $3,320 (1st target), followed by a broader $3,285 -$3,300 zone (2nd target). These levels are crucial for short-term price reactions.
4. Demand Zone Watch
A stronger demand area exists between $3,270 - $3,285. If price extends lower, buyers may attempt to defend this zone.
5. Bearish Bias
As long as price stays below $3,365 resistance, the short-term outlook remains bearish, with potential continuation toward the demand zone.
If this helpful for you, press the like button.
Operación activa
from minor resistance level, 3351Nota
1st target achieved 200 pips+Operación cerrada: objetivo alcanzado
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💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.