📉 XAUUSD (Gold Spot vs USD) Analysis - 3H Chart
🌟 Shooting Star Pattern Detected: The market has formed a shooting star, a bearish reversal candlestick, signaling potential weakness at the top.
📍 Key Resistance Zone (Purple Box): Price action has been rejected from this area, showing strong selling pressure.
🔍 If Break Scenario: Should the price break below the 2,949 support zone (🔵), we can expect a bearish drop 📉 with potential liquidity grab before a pullback for a new all-time high (ATH) 🚀.
🧐 Market Sentiment: Bearish bias for now, but watch for a potential reversal after liquidity is swept.
✅ Trader's Tip: Wait for a clean break and retest before entering a short position. 🎯
🌟 Shooting Star Pattern Detected: The market has formed a shooting star, a bearish reversal candlestick, signaling potential weakness at the top.
📍 Key Resistance Zone (Purple Box): Price action has been rejected from this area, showing strong selling pressure.
🔍 If Break Scenario: Should the price break below the 2,949 support zone (🔵), we can expect a bearish drop 📉 with potential liquidity grab before a pullback for a new all-time high (ATH) 🚀.
🧐 Market Sentiment: Bearish bias for now, but watch for a potential reversal after liquidity is swept.
✅ Trader's Tip: Wait for a clean break and retest before entering a short position. 🎯
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