Price action on XAUUSD suggests that the 3323.52 level may act as a key area of interest. Following the recent break below a structural low, I am anticipating a possible retracement toward this zone, where it could serve as a support-turned-resistance level.
Should price react to this area and fail to reclaim it, we may see a continuation of bearish momentum driving price lower.
📌 Key Level: 3323.52
📉 Bias: Bearish below this zone
🔍 Confirmation: Watching for rejection or bearish structure on lower timeframes around the level
Should price react to this area and fail to reclaim it, we may see a continuation of bearish momentum driving price lower.
📌 Key Level: 3323.52
📉 Bias: Bearish below this zone
🔍 Confirmation: Watching for rejection or bearish structure on lower timeframes around the level
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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.