XAUUSD Bear Flag Breakdown Incoming? Watch 3322 Support Zone
🔴 Resistance Zones:
3,370–3,375: Strong supply zone (highlighted in orange). Price has been rejected multiple times here.
3,350–3,355: Minor resistance, also aligned with a descending trendline (shorter-term bearish structure).
🔵 Support Zones:
3,322–3,325: Currently holding above this key intraday demand zone.
3,316–3,318: Next major demand zone if current support breaks (highlighted in blue).
📉 Trend Structure:
Price is in a downtrend, making lower highs and lower lows.
Multiple bearish trendlines are intact.
Recent rejection from 3,370 zone with strong bearish momentum.
🔄 Current Price Behavior:
Price is consolidating near 3,324, testing the support zone.
If this support fails, next clean drop likely toward 3,316.
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✅ Trade Signal for Today
Bias: Bearish (Short)
🔻 Entry (Sell):
Sell below 3,322 (on 15-min candle close below the blue zone)
🎯 Targets:
1. TP1: 3,318
2. TP2: 3,312
🛡️ Stop Loss:
SL: Above 3,332 (last minor structure high)
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🔁 Alternative Buy Scenario (Aggressive Intraday Long)
Only valid if strong bullish engulfing forms above 3,325 support.
🔼 Buy above: 3,327 (confirmation candle)
TP1: 3,335
TP2: 3,345
SL: Below 3,321
⚠️ Note: This buy is counter-trend, so take with smaller size or avoid unless momentum shifts.
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🧠 Summary
Main Play: Follow the bearish trend and wait for a clean break below 3,322.
Avoid buying unless you see strong demand reaction with volume from the current blue zone.
