Trap Above? Reversal Brewing or Just a Pullback?

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Gold (XAUUSD) continues to play mind games near a strong intraday resistance zone. Price formed a nice bullish channel and just tapped into the reversal zone near 3335, aligning with past supply and liquidity sweep potential.

⚔️ After a Ch.o.C (Change of Character) broke minor structure, it’s likely we see:

A deeper reversal toward support at 3323.450

Or a full breakdown heading into the FVG zone near 3308–3310

If we get a selling confirmation breakout, expect a flush back into imbalance & maybe beyond 👇

📉 Technical Bias: Bearish Rejection Setup
🧠 Sentiment: Watching for sell signals post-liquidation
📍 Key Zone: 3330–3335 = SELL Interest
🔔 Trigger: Watch 3323.450 for clean confirmation

💬 Note for traders: This could be the “trap” before NY liquidity kicks in — manage risk tight!

Penafian

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