“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.
Dagangan aktif
from minor resistance level, 3351Nota
1st target achieved 200 pips+Dagangan ditutup: sasaran tercapai
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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.