Gold (XAUUSD) is now testing a critical Rejection Area 📍 (around 3,328–3,333), right beneath a minor CHOCH zone. This is a key decision level, and I'm just waiting for price to show its intrest – no early entries here. ⚠️
🔼 Bullish Scenario:
Price fails to hold above minor CHOCH ✅
Comes back to retest the Rejection Area as support 🧱
If we get a clean bounce + confirmation, I’ll look for buys toward 3,346 → 3,360 🎯
🔽 Bearish Scenario:
Price rejects from minor CHOCH ❌
Gives strong bearish confirmation 🔻
Then retests the Rejection Area as resistance 🚫
That’s my cue to short toward 3,310 → 3,295 📉
NOTE: possibility is that market take all liquidity from sell side. Avoid Taking any trade untill setup is clean.
Being patient here. Confirmation is everything! Let’s see🔍💡
Avoid Mid-Zone Entries!
🔼 Bullish Scenario:
Price fails to hold above minor CHOCH ✅
Comes back to retest the Rejection Area as support 🧱
If we get a clean bounce + confirmation, I’ll look for buys toward 3,346 → 3,360 🎯
🔽 Bearish Scenario:
Price rejects from minor CHOCH ❌
Gives strong bearish confirmation 🔻
Then retests the Rejection Area as resistance 🚫
That’s my cue to short toward 3,310 → 3,295 📉
NOTE: possibility is that market take all liquidity from sell side. Avoid Taking any trade untill setup is clean.
Being patient here. Confirmation is everything! Let’s see🔍💡
Avoid Mid-Zone Entries!
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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.