Gold's Bearish Momentum: Breaking Below Key Levels, What's Next?

🔹Gold (XAU/USD) 1H Technical Analysis
▪️Resistance & Rejection:
Price tested a key resistance area around 2,920 and faced strong rejection, confirming bearish pressure.
▪️Point of Interest & Retest:
The market has broken below the 2,896 zone, which now acts as a resistance. A retest of this level could confirm further downside.
▪️Bearish Target:
If the price sustains below 2,896, the next target is around 2,849, aligning with historical support levels.
▪️Volume & Momentum:
Increased volume on the breakdown suggests strong bearish momentum, favoring further declines.
😊If you enjoy, press the like button.
▪️Resistance & Rejection:
Price tested a key resistance area around 2,920 and faced strong rejection, confirming bearish pressure.
▪️Point of Interest & Retest:
The market has broken below the 2,896 zone, which now acts as a resistance. A retest of this level could confirm further downside.
▪️Bearish Target:
If the price sustains below 2,896, the next target is around 2,849, aligning with historical support levels.
▪️Volume & Momentum:
Increased volume on the breakdown suggests strong bearish momentum, favoring further declines.
😊If you enjoy, press the like button.
Pesanan dibatalkan
price hit our targets, without entering our supply zone.💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
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.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
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.