📉 Gold Price Action Update – Potential Reversal from Resistance
Gold (XAU/USD) is reacting to a key ascending trendline resistance on the 1-hour timeframe. After a strong bullish impulse, price is showing signs of rejection near the resistance area. If this zone holds, a corrective move toward the 3327–3330 support zone could unfold.
This is a technical analysis idea based solely on price structure and chart patterns.
No financial advice is provided. Always practice proper risk management and consult with a licensed advisor before making any trading decisions.
#Zara_Rai #GoldAnalysis #PriceAction #TradingEducation
Gold (XAU/USD) is reacting to a key ascending trendline resistance on the 1-hour timeframe. After a strong bullish impulse, price is showing signs of rejection near the resistance area. If this zone holds, a corrective move toward the 3327–3330 support zone could unfold.
This is a technical analysis idea based solely on price structure and chart patterns.
No financial advice is provided. Always practice proper risk management and consult with a licensed advisor before making any trading decisions.
#Zara_Rai #GoldAnalysis #PriceAction #TradingEducation
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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.
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.