XAUUSD SHORT
GOLD | Key Resistance Zone at 2925 - 2935
Gold has reached a critical resistance zone between 2925 - 2935, following a strong upward move.
This level is expected to hold the price and could lead to a potential reversal. However, for further downside confirmation, the price must break the trendline.
🔸 Bearish Scenario: If the trendline breaks, I expect the price to decline toward the marked targets on the chart.
🔸 Invalidation: If the price breaks above the 2935 level OR If the price fails to break below the trendline, I will close manually and reassess the setup.
Keeping a close watch on price action for confirmation!
The chart highlights support and resistance lines where the price is expected to move.
If the price successfully breaks a line and holds above or below it, it is likely to reach the next line.
▪️ Always ensure that the idea aligns with your analysis before executing.
Gold has reached a critical resistance zone between 2925 - 2935, following a strong upward move.
This level is expected to hold the price and could lead to a potential reversal. However, for further downside confirmation, the price must break the trendline.
🔸 Bearish Scenario: If the trendline breaks, I expect the price to decline toward the marked targets on the chart.
🔸 Invalidation: If the price breaks above the 2935 level OR If the price fails to break below the trendline, I will close manually and reassess the setup.
Keeping a close watch on price action for confirmation!
The chart highlights support and resistance lines where the price is expected to move.
If the price successfully breaks a line and holds above or below it, it is likely to reach the next line.
▪️ Always ensure that the idea aligns with your analysis before executing.
Note
Price hit first targetNote
Price hit second target
Note
BREAKING 2885 will continue to 2874
Note
Price hit 3rd target 2874
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.