XAUUSD is currently trading in a clear downward channel. After failing to break the strong resistance at 3,375, the price has reversed and is now testing the important support at 3,330. If this support level is broken, the bearish trend is likely to continue towards the next targets at 3,320 and 3,280.
The market structure indicates that selling pressure is dominant, with the price consistently forming lower highs and lower lows. A break of 3,330 will confirm a strong decline, opening up selling opportunities with targets at lower support levels.
Traders should keep an eye on the support at 3,330; if broken, a sell order should be prioritized, with the next targets at 3,320 and 3,280.
The market structure indicates that selling pressure is dominant, with the price consistently forming lower highs and lower lows. A break of 3,330 will confirm a strong decline, opening up selling opportunities with targets at lower support levels.
Traders should keep an eye on the support at 3,330; if broken, a sell order should be prioritized, with the next targets at 3,320 and 3,280.
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.