Goldprediction
Potential Breakdown with Retest or Reversal Zone –This chart represents a classic Double Top pattern, a bearish reversal signal indicating strong resistance around the 3,380 - 3,390 USD zone (marked with two white circles).
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🔍 Key Zones and Levels:
1. Resistance Zone (~3,380 - 3,390 USD):
Price was rejected twice here.
Suggests strong selling pressure and buyer exhaustion.
2. Mid Support/Retest Zone (~3,337.857 USD):
Marked with a horizontal white line.
Could act as a short-term resistance if price retraces.
3. Demand Zone (~3,330 - 3,337 USD):
Highlighted green box: potential reversal/retest zone.
Bullish scenario: price bounces from here and heads back to retest resistance.
4. Current Price (~3,309.980 USD):
Price has broken below the demand zone and is approaching strong horizontal support.
5. Lower Support (~3,265 - 3,270 USD):
Highlighted with blue horizontal lines and purple arrows.
Could be the next bearish target if breakdown is confirmed.
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🔄 Two Possible Scenarios:
📉 Bearish Continuation:
Price retests the broken demand zone (now resistance).
Rejects and forms a lower high.
Falls toward the lower support around 3,265–3,270 USD.
📈 Bullish Reversal:
Price reclaims the green demand zone.
Pushes above 3,337.857 USD level.
Heads back to retest the double top area (~3,380 USD).
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✅ Conclusion:
The bias is currently bearish, supported by:
Double top formation.
Breakdown below key demand zone.
Momentum favoring further downside.
However, a bullish reversal is possible if price reclaims the 3,337 USD zone and shows strong bullish structure.
Gold Trading Strategy June 9The D1 candle cluster on Friday broke the sideway structure near the AHT peak and confirmed the downtrend for Gold price by breaking through 50% of the main bullish candle on June 2.
After touching the Gap zone around 3395. Gold price pushed up quite high in Tokyo trading session today and headed towards the first resistance levels around 3319. This area can wait for reaction and SELL to return because this is the area where the Sellers accumulated quite strongly at the beginning of the session.
The European session will pay more attention to the 3334 area with a breakout point also quite important on Friday. If from 3334 the gold price falls, it will form a strong fall according to the downtrend structure and head towards 3275 soon.
SELL is following the trend and can sustain profits far away, while BUY points are considered to find a corrective reaction wave, so narrow expectations.
Support: 3295, 3275
Resistance: 3319, 3334, 3345, 3359
Wish you a successful trading day
The golden direction after non-agricultural
💡Strategy Review
Gold fell sharply from a high on Friday. We insisted on high shorts. Although gold seemed to rebound strongly, it quickly fell back under pressure at 3375. Gold continued to short at 3370 and fell before the non-farm payrolls. Gold was bearish on the US non-farm payrolls. Gold continued to short at 3365 and finally fell sharply. Gold continued its two consecutive wins at high altitudes on Friday.
Although gold has not reached our second target, it has fallen perfectly to our first target, and there is also room for profit of $70.
So what will be the trend of gold in the future?
At present, the short trend of gold is still strong. If it continues to fall below 3290 after opening, there will be a lot of room for further decline.
📊Technical aspects
The gold 1-hour moving average has formed a dead cross downward, so gold still has downward momentum. After the gold 1-hour high box oscillation, gold finally fell below the box, indicating that the gold short position is better.
Then the bottom of the gold box has now formed resistance, and the short-term 3340 line of gold has formed resistance to gold. If gold is under pressure at 3340 at the beginning of next week, then gold can continue to be short.
💰 Strategy Package
Short Position:3330-3340
GOLD - TIME TO DIGGING GOLDTeam, we do not often trade gold, but when we do, we kill them
I have been waiting for a few days for my entry-level setup.
Please follow the strategy and structure below
Target 1 - take 50% volume
Target 2 - take 30%
Target 3 - all your
WITH RISK management, make sure once it hits 1st target, bring stop loss to BE
I look forward to killing GOLD together.
If you see my videos, 95% of my target is always hit.
Please NOTE: i still hold my short UK100/FTSE100 and AUS200 as well.. This week, we should hit our target for both.
Gold ises in the short term, approaching key level.Based on the recent price action perspective, Gold's movement may have signaled weakness and could serve as a key trigger for bearish traders. This is why I anticipate further follow-through selling activity. The bearish outlook has not yet been confirmed, however, a rebound from the confluence zone could once again attract sellers for a potential move toward the 3,262 support area.
But a strong upward move and a break above the confluence zone around 3,340 would allow Gold to reclaim 3,400 and push even higher.
Please note that I will not engage without proper confirmation.
H4 swing order analysis for traders, Trade Swing H4 GoldH4 swing order analysis for traders, pay attention to wave 5 to confirm Long-term Sell
James Stanley, senior strategist at Forex.com, said: "I remain bullish on gold and will look for new support for the broader trend to continue.
Gold has made a new short-term high, with the price rising above $3,350/oz. Therefore, I do not rule out the possibility of this uptrend continuing and will look for new support, especially at $3,300/oz and $3,280/oz," he said.
Rich Checkan, Chairman and CEO of Asset Strategies International, said: "The current momentum favors gold and silver. While there may be some profit-taking, I expect gold to continue to rise next week thanks to the weakness of the US dollar, political tensions in the Middle East and Ukraine, the impact of tariffs and the passage of a major bill in the US that will increase public debt, leading to consumer inflation. These factors will continue to drive demand for gold as a safe-haven asset."
Adrian Day, Chairman of Adrian Day Asset Management, shared: "There are signs that North American investors are increasing their purchases of gold, although not a strong wave, but I believe this trend is gradually changing. This is a positive signal for the gold market in the future."
Best Regards StarrOne !!!
XAUUSD Analysis: Potential Pullback and ContinuationOANDA:XAUUSD is currently trading within an ascending channel, reflecting a clear bullish structure.
Price may return to the lower boundary of the channel before potentially continuing higher. This dynamic support provides a confluence zone for a possible bullish reaction. A successful retest here could pave the way for a move toward the $3,500 level, aligning with the midline of the channel and representing a reasonable bullish target.
However, failure to hold this dynamic support could indicate that bullish momentum is weakening and may shift the short-term trend to neutral or bearish.
Traders should monitor confirmation signals such as bullish engulfing patterns, strong rejection wicks at the lower trendline, or increased volume on the rebound before considering long positions.
Let me know your thoughts or if you see it differently! 🚀
Gold rebounds and repairs, is it a shock or a bull market?📰 Impact of news:
1. Geopolitical situation
2. Impact of the US dollar trend on gold
📈 Market analysis:
At the gold hourly level, after the pressure in the Asian session in the morning, it directly fell to the vicinity of 3302. The big Yin effectively lost the lower track of the descending flag consolidation channel. The original 3318 line was the confirmation of the channel counter-pressure point, which happened to be the 61.8% split resistance level at that time. At the same time, it lost the middle track. Therefore, we gave a trading idea of looking at the rebound under pressure and continuing to decline in the European session. As a result, the market directly took a V-shaped wash-up and once pulled up to the vicinity of 3342.
The European session fluctuated strongly and rose. Before and after the US session, it took advantage of the retracement to lure the short position, and there is still the possibility of a second pull-up space. Therefore, in the subsequent retracement support level, pay attention to two positions, one is 3322-3324, and the other is the 61.8% division support level of 3318. If it stabilizes, there is a high probability that there will be a second upward space, pointing to 3348. If the pressure here cannot be overcome, the bottom will continue to oscillate back and forth. At that time, it will fall back to see if a secondary low point can be formed to further stabilize the support. If it goes straight through and stands on it, 3293 may already be the short-term low.
On the whole, I still hold short orders before the effective breakthrough of 3345, but at the same time, as the gold price rebounds and moves upward, the short-term support level is temporarily expected to be 3325-3320.
🏅 Trading strategies:
SELL 3335-3345
TP 3325-3315
BUY 3325-3330
TP 3350-3360
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
Gold Trading Strategy June 10Gold price in D1 frame reacted at EMA and Trend zone yesterday and bounced back but at the end of the day still closed below the 3335 breakout zone. The downtrend can still continue as long as 3335 remains stable today.
Looking at H1, it is still in a fairly clear downtrend. 3327 is the area that is currently in dispute. 3310 is the resistance zone that Gold broke through in the Asian session. To BUY this area, you must wait for price reaction and confirmation from the candle. Breaking 3309, Gold will head towards today's important support 3295. This is a good zone for BUY signal. The daily support zone around 3275 will prevent any excessive price slide of Gold.
On the other hand, when the buyers push the price strongly through 3327, you must wait for the US session resistance around 3338 yesterday for a SELL signal. (H1 does not break through 3328, we can set up SELL with the confirmation of selling force) Breaking 3338, the bearish structure will no longer exist, the market will switch to a short-term uptrend towards 3364.
Resistance 3337-3364-3374
Support 3310-3295-3275
Wish you successful trading. If you do not understand the strategy clearly, you can contact me for support.
XAUUSD:Wait for a short near 3345
Yesterday's bears around 3330 and the bulls around 3300 tips have been completed, today's rebound strength is slightly stronger, then the subsequent rebound height is expected to be higher;
Trading Strategy:
SELL@3345
TP:3310-3300
↓↓↓ More detailed strategies and trading will be notified here ↗↗↗
↓↓↓ Keep updated, come to "get" ↗↗↗
GOLD M30 Intraday Chart Update For 10 June 2025Hello Traders
Market tested 3302 level this morning and move back towards 3340 SBR structure zone
all eyes on 3340 level clear breakout once market breaks 3340 level it will move towards 3350 Psychological Level or even 3365
Key Support for the day 3300 Psychological Level
Disclaimer: Forex is Risky
XAUUSD:Wait for a short near 3330
Last week's data was negative for gold and silver. However, it should be noted that the actual announced value is lower than the previous value, in essence, the economic end did not release good, but the contraction speed is lower than the market expectation.
In terms of the large cycle, June is the continuation of May's wide shock, long rest storage stage, but also up and down back and forth pull, the main trend is still more, pay attention to seize the next wave of unilateral rise opportunities.
Now the fluctuation is still large, need to be patient and wait for the right position, short-term attention to 3330 resistance near to short, back to step near 3300 and then consider more.
Trading Strategy:
SELL@3330
TP:3310
↓↓↓ More detailed strategies and trading will be notified here ↗↗↗
↓↓↓ Keep updated, come to "get" ↗↗↗
Silver & Gold Surge: SLV Inflows & GLD TargetsThe precious metals market is currently experiencing a significant surge, with both silver and gold capturing the attention of investors worldwide. This rally is underpinned by a confluence of factors, ranging from robust investment inflows into exchange-traded funds (ETFs) to evolving macroeconomic landscapes and persistent geopolitical uncertainties. The iShares Silver Trust (SLV) ETF has witnessed an unprecedented influx of capital, signaling a strong bullish sentiment for the white metal, while gold, represented by the GLD, is poised for a potential rebound, with analysts eyeing key price levels. Understanding the intricate dynamics driving these movements is crucial for anyone looking to navigate the contemporary financial markets.
SLV ETF Inflows Surge: Silver's Accelerated Rally
The iShares Silver Trust (SLV), the world's largest silver-backed exchange-traded fund, has recently recorded its most substantial inflows in years, marking a pivotal moment for the silver market. Last week alone, the SLV ETF saw weekly inflows surge by $451 million, a dramatic increase from previous weeks, pushing its year-to-date inflows to over $458 million and its total assets under management to more than $17 billion. This remarkable accumulation of capital into SLV signifies a profound shift in investor sentiment, reflecting a strong conviction that silver prices are set for continued appreciation. When investors pour money into an ETF like SLV, it directly translates into the fund acquiring more physical silver, thereby tightening supply and exerting upward pressure on prices. This massive inflow is not merely speculative; it indicates a broad-based belief among both institutional and retail investors in silver's potential.
Several key factors are fueling this accelerated rally in silver prices. One significant driver is the record-breaking surge in gold prices. Historically, silver has often been referred to as "poor man's gold" due to its similar safe-haven properties but lower price point. When gold experiences a substantial rally, silver often follows suit, as investors look for a more affordable alternative within the precious metals complex. Gold's recent ascent to nearly $3,500 per ounce has undoubtedly created a halo effect for silver, drawing in capital from those seeking exposure to precious metals without the higher entry cost of gold.
Another compelling reason for silver's outperformance is its perceived undervaluation relative to gold. The gold/silver ratio, which measures how many ounces of silver are needed to buy one ounce of gold, had peaked at around 106 when gold was surging. However, this ratio has since dropped significantly to around 92, indicating that silver has begun to catch up, suggesting it was previously undervalued. This rebalancing of the ratio has encouraged investors to shift their focus towards silver, anticipating further narrowing of the gap.
Beyond its role as a monetary metal and safe haven, industrial demand plays a uniquely critical role in silver's price dynamics, distinguishing it from gold. Silver is an indispensable component in numerous high-tech and green energy applications due to its exceptional electrical conductivity, thermal properties, and reflectivity. The renewable energy sector, particularly photovoltaic (PV) solar panels, consumes substantial amounts of silver, with each panel containing approximately 20 grams of the metal. The global push towards decarbonization and the increasing adoption of solar energy are creating an insatiable demand for silver. Additionally, its use in electric vehicles (EVs), electronics manufacturing, 5G technology, and medical devices further bolsters its industrial consumption. Reports indicate that global silver demand reached 1.2 billion ounces in 2024, driven by these industrial applications, with a significant supply deficit projected to continue. This robust and growing industrial demand provides a strong fundamental floor for silver prices, making it less susceptible to purely speculative swings.
Geopolitical tensions and economic uncertainties also contribute to silver's appeal as a safe-haven asset. In times of global instability, investors tend to flock to tangible assets like precious metals to preserve wealth. While gold typically garners more attention in such scenarios, silver also benefits from this flight to safety. The ongoing geopolitical developments and concerns about inflation continue to reinforce the attractiveness of both gold and silver as hedges against economic volatility and currency depreciation.
From a technical analysis perspective, silver's rally appears robust. The iShares Silver Trust (SLV) has broken above significant resistance levels, such as $31.75, which had previously acted as a ceiling. The ETF is trading well above its 50-day and 100-day Exponential Moving Averages (EMA), indicating a strong bullish trend. While the Relative Strength Index (RSI) has moved closer to overbought levels, the overall trend remains bullish, and the MACD indicator continues to signal upward momentum. Analysts suggest that if these technical indicators hold, silver could target the $40 mark in the near future. The breadth of participation from both institutional and retail investors, coupled with increasing trading volumes, suggests that this rally has stronger foundations than typical short-term spikes.
Furthermore, expectations of potential interest rate cuts by the US Federal Reserve are also providing tailwinds for precious metals. Lower interest rates reduce the opportunity cost of holding non-yielding assets like silver and gold, making them more attractive to investors. The anticipation of such policy shifts often prompts investors to front-run these decisions, leading to increased demand for precious metals.
GLD ETF Weekly Forecast: Gold's Rebound Potential
While silver commands attention with its recent surge, gold, represented by the GLD remains the cornerstone of the precious metals market. Gold recently hit record highs, touching nearly $3,500 per ounce, before experiencing a slight retreat due to profit-taking and some strengthening of the US Dollar. However, analysts are now forecasting a potential rebound, with a target of $3430 on the cards for the current week, indicating that the bullish sentiment for gold remains largely intact.
GLD is influenced by a diverse array of factors, making its price movements complex yet predictable to those who understand its drivers. One of the primary factors is gold's status as a safe-haven asset. During periods of economic uncertainty, political instability, or market volatility, investors traditionally turn to gold to preserve capital. Recent geopolitical tensions, such as the ongoing conflict in Eastern Europe, have consistently driven inflows into gold, as it acts as a hedge against global crises.
The strength or weakness of the US Dollar plays a crucial role in gold's price. Gold is primarily priced in US Dollars, meaning that a weaker dollar makes gold comparatively cheaper for buyers holding other currencies, thereby increasing demand and pushing prices up. Conversely, a stronger dollar can make gold more expensive, potentially dampening demand. While there has been some recent dollar strength, the overall sentiment regarding the dollar's long-term trajectory and its inverse relationship with gold remains a key determinant.
Interest rates and monetary policy, particularly from the US Federal Reserve, significantly impact gold prices. As a non-yielding asset, gold becomes less attractive when interest rates are high, as investors can earn better returns from interest-bearing assets. Conversely, lower interest rates reduce the opportunity cost of holding gold, making it more appealing. The anticipation of future rate cuts by central banks often provides a strong impetus for gold rallies.
Inflation and deflationary pressures also influence gold's appeal. Gold is widely regarded as a hedge against inflation. When the purchasing power of fiat currencies erodes due to rising inflation, investors often turn to gold to protect their wealth. Conversely, in deflationary environments, gold's appeal as a store of value can also increase. Recent inflation data, such as the Consumer Price Index (CPI) and Producer Price Index (PPI), are closely watched for their potential impact on gold's trajectory.
Central bank reserves and their purchasing trends are another significant, albeit often overlooked, factor. Central banks globally hold gold as a reserve asset to diversify their portfolios and safeguard against financial turmoil. Increased gold purchases by central banks signal a broader institutional confidence in gold and can significantly impact its demand and price.
Supply and demand dynamics in the physical gold market, including mining production, recycling, and demand from jewelry and industrial sectors, also play a role. While new supply from mining is relatively small compared to the total existing stock, changes in production levels can still influence prices. Investment demand through ETFs and other financial products further contributes to the overall demand picture.
From a technical standpoint, gold's recent retreat from its $3,500 peak has led to some profit-taking. However, key support levels are being tested, and analysts are looking for a rebound. The immediate resistance levels are around $3340-$3345, with a more significant hurdle at $3400. A decisive break above these levels, particularly $3400, could pave the way for a retest of the $3430 mark and potentially higher, towards $3500 and even $3600. The current bias for gold remains bullish, with buying opportunities identified at key pivot levels. The market is closely watching economic reports, such as the upcoming CPI data, as well as geopolitical developments, which could act as catalysts for gold's next major move.
The Interplay Between Gold and Silver
The intertwined fortunes of gold and silver are a recurring theme in the precious metals market. While both are considered safe-haven assets, their individual characteristics lead to nuanced differences in their price drivers. Gold is predominantly viewed as a monetary asset and a store of value, making it highly sensitive to macroeconomic indicators, interest rates, and geopolitical stability. Silver, while sharing these attributes, also benefits significantly from its extensive industrial applications. This dual nature often makes silver more volatile than gold, as it reacts to both investment demand and industrial cycles.
The recent outperformance of silver, as evidenced by the massive SLV ETF inflows, suggests a market correction where silver is catching up to gold's earlier gains. The narrowing gold-silver ratio indicates that investors believe silver was undervalued and is now reasserting its true worth. This dynamic creates a powerful feedback loop: as gold rallies, it draws attention to the precious metals sector, prompting investors to look for relative value, which often leads them to silver. As silver then accelerates, it further validates the strength of the broader precious metals market.
The current environment, characterized by persistent inflation concerns, ongoing geopolitical tensions, and the global push towards green energy technologies, provides a fertile ground for both gold and silver. Gold offers a traditional hedge against uncertainty, while silver provides exposure to both safe-haven demand and the booming industrial sector. The significant institutional inflows into SLV underscore a growing recognition of silver's unique position at the intersection of finance and industry.
In conclusion, the precious metals market is currently in a robust uptrend, driven by a powerful combination of investment demand, safe-haven appeal, and fundamental industrial growth. The unprecedented inflows into the SLV ETF signal a strong bullish outlook for silver, fueled by its undervaluation relative to gold and its critical role in emerging green technologies. Concurrently, gold, despite recent fluctuations, maintains a strong bullish bias, with analysts forecasting a rebound to key price levels, supported by its enduring safe-haven status and macroeconomic tailwinds. For investors, understanding these intertwined dynamics and monitoring key economic and geopolitical developments will be paramount in capitalizing on the ongoing rally in both gold and silver. The message is clear: the precious metals are shining bright, and their current momentum suggests further upside potential.
Gold's Wild Ride: Must-Know Price Predictions for Next Week!I can write a lot of smart words but lets make it short, like and sub from you for that)
3 options that i can see:
1- dump to Gap at 3292 then bounce target PWH or higher
2 - move a bit lower till PWL and then all the way up till PWH or ATH
3 - cancel all longs, move down below , break 3250 lvl with fvg and second shift on 4h time frame and then gold will keep going lower all the way down to 3k (Low-probability)
Gold price rebounds, short-term strength?After the opening of the U.S. stock market today, the price of gold rose rapidly, breaking through the first resistance level of 3325, and currently reaching the intraday high of 3337.
However, from the hourly chart, the current price has not reached the upward trend point I predicted, so the price is likely to rise slightly again in the future.
From the 4-hour chart, gold rose again after falling back in the U.S. market, and the price broke through the 3325 position upward, which means that the short-term is strong; in the morning analysis, I predicted that gold would fall back and rush high, and the fall back can be short-term long, and the volatile market can be operated in the short term according to this strategy.
At present, the 4-hour MA5-day and 10-day moving averages have a trend of forming a golden cross upward, and after the fall in the morning, the moving averages are currently showing an upward turning trend.
Therefore, after the price breaks through 3325, the probability of continuing upward is still relatively large, and the pressure position is 3345; this position is the point after the fall back from the high point in May, and it is also an important pressure position after the current price falls back and rebounds.
The price is currently heading towards a retest of 3340-3345 levels. If the dollar continues to fall and gold manages to consolidate above 3345, the bullish trend is likely to continue. However, a false breakout of 3340-3345 area could trigger a further decline following the breakdown of the bullish structure.
Gold rebound fails to change the trend and is still bearish?📰 Impact of news:
1. The streets of Los Angeles are full of "gunpowder smell"! Immigration protests escalate, and Trump sends troops to suppress them
2. Geopolitical situation
3. Federal Reserve political expectations
📈 Market analysis:
At the hourly level: the Bollinger Band opening is narrowing, the MACD technical indicator is running in a golden cross, and the RSI fluctuates frequently in the short term. There is a certain potential for short-term promotion. If the gold price stabilizes above 3315, it may trigger a rebound and touch 3330-3340 again. If the gold price continues to be below 3300 and the short position is strengthened, it may fall to a new low. Therefore, if it rebounds again to the 3330-3340 resistance line, short positions can still be considered.
🏅 Trading strategies:
BUY 3315-3318
TP 3330-3335
SELL 3330-3340
TP 3300-3290-3280
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
Gold hits 3335 in the US market and shorts
⭐️Gold information:
Looking back at last week's trend, after hitting a high on Monday, gold prices fluctuated in a range from Tuesday to Thursday, and closed with a sharp drop on Friday, forming an M-top pattern from a technical perspective.
This week, the market focus is on the high-level trade negotiations between China and the United States held in London. The market expects that the negotiations will proceed smoothly, and this optimism is bearish for gold. Based on the comprehensive technical and fundamental analysis, the gold price is still bearish today. It is recommended to pay attention to the short-selling opportunities in the rebound range of 3330-3340 US dollars.
⭐️Set gold price:
🔥Sell gold area: 3330-3340 SL 3345
TP1: $3320
TP2: $3310
TP3: $3295
Chart Overview Instrument: Gold Spot (XAU/USD)🔍 Chart Overview
Instrument: Gold Spot (XAU/USD)
Timeframe: 2H (2-hour candles)
Date/Time: Chart ends on June 5th, 2025, 19:14 UTC.
🟩 Support & Resistance Zones
✅ Resistance Zone
Level: Around 3,355 – 3,375 USD
📌 This zone has seen repeated tests and rejections, indicating strong selling pressure.
✅ Support Zone
Level: Around 3,160 – 3,180 USD
🛡️ Price bounced from this zone previously, confirming it as a strong support area.
⚙️ Key Observations
📈 Range-Bound Trading
The price is currently trapped between the strong support and resistance zones.
Multiple rejections at the resistance zone suggest sellers are active above 3,355 USD.
💡 Horizontal Consolidation
Price has formed a horizontal range (sideways movement) in recent sessions.
This range-bound behavior signals market indecision or a buildup before a potential breakout.
📉 Previous Price Action
🔽 Sharp Reversal Drop
Around the middle of May, there was a strong rejection at resistance, followed by a rapid sell-off to the support zone.
This shows that the resistance zone is significant and that sellers are quick to act.
🔮 Potential Scenarios
✅ Bullish Breakout
If price closes above 3,375 USD with strong momentum, expect a potential bullish rally toward 3,400+ USD.
✅ Bearish Rejection
If price fails to close above 3,355 USD and shows rejection candles (like dojis or bearish engulfing patterns), price may retest 3,280 USD and even support at 3,160 USD.
🔔 Key Takeaway & Trader’s Tip
⚠️ Watch for breakout signals near resistance and support.
✅ Volume spikes and momentum indicators will help confirm true breakouts or fakeouts.
🔍 Neutral to Bearish Bias
Given repeated rejections at resistance, short-term bias is neutral to bearish unless a breakout occurs.
📝 Summary with Emojis
🔴 Resistance Zone: 🔝💪
🟩 Support Zone: 🛡️🟢
📉 Bearish Momentum likely below 3,355 USD
📈 Bullish Breakout above 3,375 USD
🕵️♂️ Watch for consolidation and breakout setups!