XAUUSD Analysis H2 Timeframe
XAUUSD Analysis – Bearish Breakout & Potential Downside Move
Gold (XAUUSD) has broken out of its rising channel, signaling a potential shift in market structure.
After a Break of Structure (BOS), price retested the previous support line, now acting as resistance.
The rejection from this zone confirms bearish momentum, aligning with the breakout retest strategy.
If price fails to reclaim the broken support, we may see further downside towards the highlighted demand zones around $2,870 - $2,850. Traders should watch for rejection or continuation signals before entering new positions.
Bias: Bearish
Key Levels:
📉 Resistance: $2,940 (Breakout Retest Zone)
📉 Targets: $2,870 - $2,850 (Demand Areas)
What’s your take on this setup?
Let me know in the comments!
Gold (XAUUSD) has broken out of its rising channel, signaling a potential shift in market structure.
After a Break of Structure (BOS), price retested the previous support line, now acting as resistance.
The rejection from this zone confirms bearish momentum, aligning with the breakout retest strategy.
If price fails to reclaim the broken support, we may see further downside towards the highlighted demand zones around $2,870 - $2,850. Traders should watch for rejection or continuation signals before entering new positions.
Bias: Bearish
Key Levels:
📉 Resistance: $2,940 (Breakout Retest Zone)
📉 Targets: $2,870 - $2,850 (Demand Areas)
What’s your take on this setup?
Let me know in the comments!
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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.
My FREE Telegram Channel:
t.me/EaglePipsPro1
t.me/EaglePipsPro1
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.