📏 Trendlines:
Red descending trendline = consistent lower highs → selling pressure increases.
Horizontal red support line (~3349) = price tested multiple times, but no strong bounce.
📦 Chart Patterns:
Multiple bear flag formations marked in green = typical continuation patterns in downtrends.
Suggests repeated attempts to rally are being sold into.
🟣 Support & Resistance:
Immediate resistance: Downtrend line (~3355–3360).
Key support level: 3349 (horizontal red line).
Breakdown target: 3332.685 (blue horizontal line) and further to ~3310 zone.
🧭 Price Projection:
🚨 Expect a potential pullback to the trendline (~3355), which may reject again.
📉 If 3349 support breaks, a strong drop to 3332 is likely.
Final bearish target: ~3310 level, aligning with the magenta arrow.
📌 Conclusion:
⚠️ Bias: Bearish under 3355.
🧨 Watch for breakdown confirmation below 3349 to trigger short positions.
🕵️♂️ Be cautious of false breakouts; wait for candle close confirmation.
Red descending trendline = consistent lower highs → selling pressure increases.
Horizontal red support line (~3349) = price tested multiple times, but no strong bounce.
📦 Chart Patterns:
Multiple bear flag formations marked in green = typical continuation patterns in downtrends.
Suggests repeated attempts to rally are being sold into.
🟣 Support & Resistance:
Immediate resistance: Downtrend line (~3355–3360).
Key support level: 3349 (horizontal red line).
Breakdown target: 3332.685 (blue horizontal line) and further to ~3310 zone.
🧭 Price Projection:
🚨 Expect a potential pullback to the trendline (~3355), which may reject again.
📉 If 3349 support breaks, a strong drop to 3332 is likely.
Final bearish target: ~3310 level, aligning with the magenta arrow.
📌 Conclusion:
⚠️ Bias: Bearish under 3355.
🧨 Watch for breakdown confirmation below 3349 to trigger short positions.
🕵️♂️ Be cautious of false breakouts; wait for candle close confirmation.
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• 1-on-1 Mentorship
• Professional Forex Course
• Affiliate Program
• Strategic Partnerships
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Related publications
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.
Market Analyst | Forex Mentor | XAUUSD Specialist
Services Offered:
• VIP Signals
• 1-on-1 Mentorship
• Professional Forex Course
• Affiliate Program
• Strategic Partnerships
Link to Join
t.me/ZareeFxTradingSignals
Services Offered:
• VIP Signals
• 1-on-1 Mentorship
• Professional Forex Course
• Affiliate Program
• Strategic Partnerships
Link to Join
t.me/ZareeFxTradingSignals
Related publications
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.