XAUUSD Bearish Rejection Setup Unfolding – June 11, 2025 🧠🔍
📊 Technical Breakdown:
🔴 Resistance Rejection Zone (Supply Area)
Price recently tested the $3,440 - $3,460 resistance zone, marked with red arrows. This zone previously acted as a strong supply area, leading to aggressive sell-offs.
📉 Bearish Rejection Candle
A rejection occurred near the same supply zone again, hinting at a potential double top or failure to break structure. Sellers seem to defend this area aggressively.
📍 Current Price: $3,338.6
Price is hovering below mid-range resistance at $3,396.5, indicating weakness after a failed breakout.
📉 Bearish Plan in Motion:
🔁 Scenario Highlighted:
Price might retest the $3,396.5 level (purple line) before resuming the downward move (illustrated by the blue and black arrows).
A breakdown below the $3,290.3 support zone will likely trigger further downside.
🎯 Target Levels:
1st Target: $3,290.3 – Key structural support. A close below this level will confirm the bearish momentum.
2nd Target: $3,207.0 – Final support area aligned with previous accumulation zone.
🛑 Invalidation Point:
A sustained breakout above $3,460 would invalidate the bearish bias and suggest continuation to the upside.
✅ Summary:
Bias: Bearish 📉
Strategy: Sell on pullback to $3,396.5 with stops above $3,460.
Targets: 🎯 $3,290.3 ➡️ $3,207.0
Watch for a strong bearish confirmation candle below $3,290.3 to load in shorts.
🔔 Stay alert for volume spikes and lower time-frame breakdowns to fine-tune entries! 💼📊
📊 Technical Breakdown:
🔴 Resistance Rejection Zone (Supply Area)
Price recently tested the $3,440 - $3,460 resistance zone, marked with red arrows. This zone previously acted as a strong supply area, leading to aggressive sell-offs.
📉 Bearish Rejection Candle
A rejection occurred near the same supply zone again, hinting at a potential double top or failure to break structure. Sellers seem to defend this area aggressively.
📍 Current Price: $3,338.6
Price is hovering below mid-range resistance at $3,396.5, indicating weakness after a failed breakout.
📉 Bearish Plan in Motion:
🔁 Scenario Highlighted:
Price might retest the $3,396.5 level (purple line) before resuming the downward move (illustrated by the blue and black arrows).
A breakdown below the $3,290.3 support zone will likely trigger further downside.
🎯 Target Levels:
1st Target: $3,290.3 – Key structural support. A close below this level will confirm the bearish momentum.
2nd Target: $3,207.0 – Final support area aligned with previous accumulation zone.
🛑 Invalidation Point:
A sustained breakout above $3,460 would invalidate the bearish bias and suggest continuation to the upside.
✅ Summary:
Bias: Bearish 📉
Strategy: Sell on pullback to $3,396.5 with stops above $3,460.
Targets: 🎯 $3,290.3 ➡️ $3,207.0
Watch for a strong bearish confirmation candle below $3,290.3 to load in shorts.
🔔 Stay alert for volume spikes and lower time-frame breakdowns to fine-tune entries! 💼📊
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JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
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.