The price perfectly fulfilled my last idea. 
XAUUSD is pulling back sharply after facing rejection from the key resistance level at 3431, following a two-leg impulse wave. The structure shows a correction within an active uptrend, nearing confluence support from the upward trendline and horizontal level. As long as price holds above 3342, a bounce and continuation toward 3400 remain the favored scenario. Broader bullish structure and momentum buildup point to a possible resumption after the current retracement.
📉 Key Levels
💡 Risks
XAUUSD is pulling back sharply after facing rejection from the key resistance level at 3431, following a two-leg impulse wave. The structure shows a correction within an active uptrend, nearing confluence support from the upward trendline and horizontal level. As long as price holds above 3342, a bounce and continuation toward 3400 remain the favored scenario. Broader bullish structure and momentum buildup point to a possible resumption after the current retracement.📉 Key Levels
- Buy trigger: Break above 3350
- Buy zone: 3345 – 3340
- Target: 3400
- Invalidation: Break below 3320
💡 Risks
- Failure to hold the upward trendline could shift momentum
- Weak bounce may trap buyers before real breakout
- Resistance at 3400 could remain firm without stronger volume support
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Trade active
XAUUSD is pulling back toward a confluence support after topping out at the resistance zone near 3,435. Price action remains above a key ascending trendline and is retesting the structure around 3,340. As long as XAUUSD holds above this support zone, bullish continuation remains in play targeting 3,395. Momentum structure aligns with a higher-low retest inside the rising channel.
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🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.