GOLD (XAUUSD) : Is it the bearish time?!Hello guys!
Key Elements:
Internal Trendline (broken): A previously respected trendline is now broken, indicating a potential shift in trend.
S&D (Supply & Demand) Zone: Located around the $3,280–$3,300 region.
Bearish Rejection Zone: Price attempted to push higher into the $3,360–$3,380 resistance zone but was rejected.
Arrow Indicating Bearish Target: Projected move toward $3,245.94.
why:
1. Trendline Break
The internal bullish trendline has been decisively broken, a classic sign of a trend reversal or at least a significant pullback.
After the break, price retested the underside of the trendline, failed to reclaim it, and showed bearish pressure.
2. Supply Zone Rejection
A clear rejection occurred from a supply zone ($3,360–$3,380), evidenced by long wicks and bearish candles.
This confirms the presence of sellers and likely distribution at that level.
3. Volume Profile Insight
The point of control (POC) and high-volume node sit around the $3,245 region, which also aligns with the marked bearish target.
Price is likely to be drawn toward this level as it's a fair value area where previous consolidation occurred.
4. S&D Flip
A previously bullish demand zone (around $3,280) has now become a resistance level, confirming a shift in market sentiment.
🔻 Bearish Scenario:
Target: $3,245.94
Confirmation: Failure to close above $3,360 and continued lower highs suggest bearish continuation.
✅ Confluence Factors Supporting a Move Down:
Trendline break and successful retest.
Rejection from resistance (supply zone).
Lower high formation.
Volume profile attraction to a lower value area.
Bearish market structure forming.
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📌 Conclusion:
This chart setup suggests a short-term bearish bias for Gold Spot (XAU/USD), with a potential drop toward the $3,245 zone. Traders may consider watching for confirmation via continued bearish price action and potential volume increase on the next leg down.
