High-Volume Breakdown Confirms Reversal Pattern in Gold

Technical Analysis For XAUUSD
🟢 Trend Structure: Ascending Channel Formation
Price moved strongly within an ascending channel, showing clear bullish momentum over multiple sessions.
🔺 Breakout & Rejection
A breakout occurred with a large bullish candle and high volume, but the price quickly faced resistance near the 3,355 level and showed signs of rejection.
🔻 Bearish Signal Emerges
The price broke below the channel support, indicating a possible trend shift or short-term correction. High volume on the red candle suggests strong selling pressure.
🎯 Target Area
If the bearish momentum continues, price is likely to test the support near 3,294.50, which aligns with previous structure levels.
If you enjoy, press the like button.
🟢 Trend Structure: Ascending Channel Formation
Price moved strongly within an ascending channel, showing clear bullish momentum over multiple sessions.
🔺 Breakout & Rejection
A breakout occurred with a large bullish candle and high volume, but the price quickly faced resistance near the 3,355 level and showed signs of rejection.
🔻 Bearish Signal Emerges
The price broke below the channel support, indicating a possible trend shift or short-term correction. High volume on the red candle suggests strong selling pressure.
🎯 Target Area
If the bearish momentum continues, price is likely to test the support near 3,294.50, which aligns with previous structure levels.
If you enjoy, press the like button.
Dagangan aktif
Dagangan ditutup: sasaran tercapai
Nota
500 pips+ achieved Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.