Idea/Scenario:
Expecting a pullback to the 42,100–42,200 zone after a strong bearish move.
Looking for bearish confirmation (price action or rejection) in that area for a potential short entry.
Main target: 41,650–41,600, possibly lower toward 41,000.
Bias remains bearish below 42,200.
The chart shows key resistance zones (red) and support zones (blue) for XAU/USD. Price is currently testing a support zone, and a bearish breakout could lead to a move towards the lower blue zone around $2,550. If the support holds, the price might attempt a recovery towards the red resistance zone. The market is at a critical point, and a breakout in either...
The chart shows a symmetrical triangle pattern forming on XAU/USD (gold). The price is consolidating between an upward trendline (support) and a downward trendline (resistance). Key zones of interest are marked:
Upside breakout scenario: If the price breaks above the resistance, it may target the upper liquidity zone around $2,770.
Downside breakout scenario: If...
The chart shows a bullish structure with an upward trendline providing support. Price is approaching a Point of Interest (POI) zone, which acts as resistance. A potential breakout above this POI could target the Fair Value Gap (FVG) zone higher up. However, if the trendline support breaks, it may signal a bearish reversal. The scenario suggests a focus on...
