GOLD – Bearish setup Flag Pattern Breakdown Imminent?
We’re seeing an interesting setup developing on the Gold/USD (XAU/USD) 1H chart. Let's break it down Key Observations Consolidation Phase Price consolidated in a tight range before breaking upward creating a temporary high around the 3400 level
Sharp Rejection: A significant rejection from the supply zone (around 3380–3400 pushed price down sharply indicating strong selling pressure
Bearish Flag Formation After the initial drop price entered a corrective channel (flag) moving upwards but within a confined range — a classic bearish flag pattern
Potential Breakdown: Price is now testing the lower boundary of the flag A confirmed break below this level could trigger a continuation of the downtrend
Price Zones to Watch
📌 Supply Zone: 3375 – 3400
📌 Current Resistance: 3353
📌 Immediate Support: 3339 (breakdown watch)
📌 Target Demand Zone: 3280 – 3250
Trade Idea (Not Financial Advice):
If the flag breaks to the downside with strong volume, we could see a bearish continuation toward the demand zone between 3280 – 3250 However a move above 3375 would invalidate the pattern and may call for a reassessment.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
We’re seeing an interesting setup developing on the Gold/USD (XAU/USD) 1H chart. Let's break it down Key Observations Consolidation Phase Price consolidated in a tight range before breaking upward creating a temporary high around the 3400 level
Sharp Rejection: A significant rejection from the supply zone (around 3380–3400 pushed price down sharply indicating strong selling pressure
Bearish Flag Formation After the initial drop price entered a corrective channel (flag) moving upwards but within a confined range — a classic bearish flag pattern
Potential Breakdown: Price is now testing the lower boundary of the flag A confirmed break below this level could trigger a continuation of the downtrend
Price Zones to Watch
📌 Supply Zone: 3375 – 3400
📌 Current Resistance: 3353
📌 Immediate Support: 3339 (breakdown watch)
📌 Target Demand Zone: 3280 – 3250
Trade Idea (Not Financial Advice):
If the flag breaks to the downside with strong volume, we could see a bearish continuation toward the demand zone between 3280 – 3250 However a move above 3375 would invalidate the pattern and may call for a reassessment.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
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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.
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.