The chart reflects a sustained bearish phase within a well-defined descending channel, yet current price action suggests a potential trend shift may be underway.
🧠 Key Observations:
Price Compression Near Channel Support:
The market is testing the lower boundary of the descending channel, indicating possible exhaustion of selling momentum.
Ichimoku Cloud Analysis:
Price remains below the cloud, confirming bearish structure for now. However, cloud thinning ahead signals a weakening trend, which often precedes a reversal.
Projected Recovery Path:
A forecasted move is highlighted, suggesting a break above $3,360–$3,380, targeting the upper cloud resistance near $3,400. This level aligns with prior structure and volume interest.
Volume Profile (left):
Strong volume nodes align with support zones, reinforcing the potential for a bounce if momentum shifts.
📌 Strategy Insight:
While bearish momentum remains in control, signs of stabilization and potential reversal are emerging. Traders should wait for:
A confirmed break above the cloud, or
A bullish engulfing with volume support to validate long entries.
✅ Summary:
Trend remains bearish, but the setup shows early signs of accumulation and reversal. A breakout from the cloud and descending channel could trigger a shift toward $3,400+ in the near term. Monitoring phase active.
🧠 Key Observations:
Price Compression Near Channel Support:
The market is testing the lower boundary of the descending channel, indicating possible exhaustion of selling momentum.
Ichimoku Cloud Analysis:
Price remains below the cloud, confirming bearish structure for now. However, cloud thinning ahead signals a weakening trend, which often precedes a reversal.
Projected Recovery Path:
A forecasted move is highlighted, suggesting a break above $3,360–$3,380, targeting the upper cloud resistance near $3,400. This level aligns with prior structure and volume interest.
Volume Profile (left):
Strong volume nodes align with support zones, reinforcing the potential for a bounce if momentum shifts.
📌 Strategy Insight:
While bearish momentum remains in control, signs of stabilization and potential reversal are emerging. Traders should wait for:
A confirmed break above the cloud, or
A bullish engulfing with volume support to validate long entries.
✅ Summary:
Trend remains bearish, but the setup shows early signs of accumulation and reversal. A breakout from the cloud and descending channel could trigger a shift toward $3,400+ in the near term. Monitoring phase active.
Trade active
📈 XAU/USD UpdateHalf target hit as planned! Price broke out of the falling wedge with bullish momentum. Trend remains strong — aiming for the final target next.
Trade closed: target reached
Target Hit ✅Our analysis was spot on — price moved exactly as planned due to strong trend confirmation and key support/resistance levels.
Forex Market Analyst | XAU/USD Specialist
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Forex Market Analyst | XAU/USD Specialist
. VIP Signal Channel for Premium Insights
. Comprehensive Forex Mentorship Program
. Affiliate Program for growth-driven partners
Join Our Telegram t.me/Goldsignalspro12
. VIP Signal Channel for Premium Insights
. Comprehensive Forex Mentorship Program
. Affiliate Program for growth-driven partners
Join Our Telegram t.me/Goldsignalspro12
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.