Gold Market Analysis – Potential Bearish Reversal Underway.

Gold has been trending in an upward direction, respecting an ascending channel for some time. Recently, the price action tested the top of this channel and formed a strong resistance level. That resistance was broken briefly, which appeared to be a liquidity trap—drawing in breakout buyers before reversing. This kind of false breakout often signals a shift in market sentiment. Since then, the price has started to decline, and importantly, it has now broken down through the channel’s support level.

This breakdown suggests that the bullish momentum may be weakening and that a bearish trend could be starting. Based on technical levels, the next potential support zones to watch are at 3414, 3392, 3345, and 3324. These levels could act as short-term price targets or areas where the market may pause or reverse again.

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Trade active

Gold Trade Update – First Target Hit

Our bearish setup on gold has been activated perfectly. Since our entry, the market has followed the expected move and started falling. It has now touched our first target, delivering a solid 100+ pips in profit.

Momentum remains bearish, and we’re now watching the next support levels at 3392, 3345, and 3324. Trade is running well—manage your positions accordingly and trail stops if needed.

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Trade closed: target reached

🟤 Gold (XAUUSD) – 740+ Pips Secured!
Just as outlined — entry activated at 3422, and price dropped sharply, now reaching our first target at 3348. ✅
That’s a powerful 740+ pip move locked in — great job to everyone who followed! 🔥

This is how precision trading looks.

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