🔹 Timeframes Observed: H1, M30, and M15
Gold (XAUUSD) has officially broken the trendline on all three lower timeframes — 1 Hour, 30 Minutes, and 15 Minutes — indicating a clear shift in market structure towards the downside.
🔹 Key Support Level:
The next critical confirmation of bearish continuation will occur if price breaks below the $3116 support zone. A clean break and retest of this level can serve as strong validation for further downside movement.
🔹 Target Zones:
If the bearish momentum sustains, price may head towards the following levels:
🎯 Target 1: $3195
🎯 Target 2: $3172
🎯 Target 3: $3132
🔹 Stop Loss:
To manage risk effectively, a recommended stop loss is placed at $3250. This helps protect against unexpected price spikes or false breakouts.
🔹 EMA Confluence:
The 21 EMA on the M30 timeframe has been broken, adding another layer of confirmation to the bearish bias. This EMA break often signals a shift in short- to mid-term trend direction.
⚠️ Important Note on Fundamentals:
While technicals currently show a bearish setup, it's essential to monitor fundamental drivers closely — including economic news releases, central bank statements, tariffs, and geopolitical events — as any significant development can invalidate technical patterns and shift market sentiment instantly.
Trade active
Target 01 reachedTrade closed manually
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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.