🟡 Gold (XAU/USD) | Rejection from Support with Potential Bullish Continuation
Published: June 26, 2025
Timeframe: 30-Minute | Broker: OANDA
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🎯 Summary
Gold appears to be staging a potential bullish reversal after a strong reaction off a key support zone around $3,300, with a rising channel formation and higher lows hinting at a break above short-term resistance. This could set up a test of the $3,360–$3,370 level in the near term.
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📊 Technical Breakdown
🔹 Support Rejection & Structure
Price action found strong demand at the $3,300–$3,310 zone (highlighted by the orange circles and green arrows).
Multiple rejections from this zone indicate the presence of institutional buying or defended liquidity.
The current price action respects a rising channel, forming consecutive higher lows, a bullish market structure in the short term.
🔹 Resistance & Breakout Potential
Price is approaching a key horizontal resistance at $3,355–$3,360.
A clean break and hold above this level could trigger a continuation toward the next liquidity zone near $3,380+, aligning with prior consolidation (green box region).
🔹 Ichimoku Cloud Analysis
The price is testing the Kumo cloud from below.
A bullish crossover and breakout above the cloud would further confirm bullish momentum.
Leading Span A is flattening, suggesting a potential equilibrium shift in favor of buyers.
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🧠 Strategic Insight
What sets this chart apart is the clear confluence of signals:
Structural support,
Bullish channel formation,
Repeated higher lows,
A squeeze against resistance.
This paints a scenario where smart money may be accumulating before a breakout. The anticipated move is not merely reactive — it's rooted in fractal price behavior, cloud dynamics, and accumulation logic.
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📌 Trade Scenario (Not Financial Advice)
Bullish Case:
A breakout above $3,360, ideally with volume confirmation, opens the door for a move to $3,380–$3,390. Watch for retests of the breakout zone for potential entries.
Bearish Invalidator:
A close below $3,320 would invalidate the ascending channel and shift short-term sentiment back to neutral or bearish.
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💡 Original Perspective
While many traders focus on the breakout itself, this idea emphasizes the accumulation phase and higher-lows within a compression zone — a subtle yet powerful clue of institutional activity. This nuanced approach provides a layer of depth often overlooked in short-timeframe charts.
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📣 Community Prompt
🔍 What’s your view on Gold's behavior at this resistance? Are you seeing similar higher-timeframe confluence? Drop your thoughts or alternate views in the comments!
Published: June 26, 2025
Timeframe: 30-Minute | Broker: OANDA
---
🎯 Summary
Gold appears to be staging a potential bullish reversal after a strong reaction off a key support zone around $3,300, with a rising channel formation and higher lows hinting at a break above short-term resistance. This could set up a test of the $3,360–$3,370 level in the near term.
---
📊 Technical Breakdown
🔹 Support Rejection & Structure
Price action found strong demand at the $3,300–$3,310 zone (highlighted by the orange circles and green arrows).
Multiple rejections from this zone indicate the presence of institutional buying or defended liquidity.
The current price action respects a rising channel, forming consecutive higher lows, a bullish market structure in the short term.
🔹 Resistance & Breakout Potential
Price is approaching a key horizontal resistance at $3,355–$3,360.
A clean break and hold above this level could trigger a continuation toward the next liquidity zone near $3,380+, aligning with prior consolidation (green box region).
🔹 Ichimoku Cloud Analysis
The price is testing the Kumo cloud from below.
A bullish crossover and breakout above the cloud would further confirm bullish momentum.
Leading Span A is flattening, suggesting a potential equilibrium shift in favor of buyers.
---
🧠 Strategic Insight
What sets this chart apart is the clear confluence of signals:
Structural support,
Bullish channel formation,
Repeated higher lows,
A squeeze against resistance.
This paints a scenario where smart money may be accumulating before a breakout. The anticipated move is not merely reactive — it's rooted in fractal price behavior, cloud dynamics, and accumulation logic.
---
📌 Trade Scenario (Not Financial Advice)
Bullish Case:
A breakout above $3,360, ideally with volume confirmation, opens the door for a move to $3,380–$3,390. Watch for retests of the breakout zone for potential entries.
Bearish Invalidator:
A close below $3,320 would invalidate the ascending channel and shift short-term sentiment back to neutral or bearish.
---
💡 Original Perspective
While many traders focus on the breakout itself, this idea emphasizes the accumulation phase and higher-lows within a compression zone — a subtle yet powerful clue of institutional activity. This nuanced approach provides a layer of depth often overlooked in short-timeframe charts.
---
📣 Community Prompt
🔍 What’s your view on Gold's behavior at this resistance? Are you seeing similar higher-timeframe confluence? Drop your thoughts or alternate views in the comments!
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Join telegram channel free ..
t.me/+zOlIssFOXrtlNWE0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/+zOlIssFOXrtlNWE0
t.me/+zOlIssFOXrtlNWE0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/+zOlIssFOXrtlNWE0
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.