Gold facing rejection near $3245 supply zone with a clear descending channel and repeated lower highs. Price has now broken below the rising structure, confirming short-term weakness.
Eyes on the $3187 support – a breach could open downside targets toward $3170 and $3130.
Bias: Bearish
Strategy: Sell on rise near trendline resistance or breakdown pullbacks.
Structure + Volume = Clarity
#XAUUSD #GoldAnalysis #PriceAction #BreakdownSetup #DkRayakTV
Eyes on the $3187 support – a breach could open downside targets toward $3170 and $3130.
Bias: Bearish
Strategy: Sell on rise near trendline resistance or breakdown pullbacks.
Structure + Volume = Clarity
#XAUUSD #GoldAnalysis #PriceAction #BreakdownSetup #DkRayakTV
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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.