High-Volume Breakdown Confirms Reversal Pattern in Gold

Technical Analysis For XAUUSD
🟢 Trend Structure: Ascending Channel Formation
Price moved strongly within an ascending channel, showing clear bullish momentum over multiple sessions.
🔺 Breakout & Rejection
A breakout occurred with a large bullish candle and high volume, but the price quickly faced resistance near the 3,355 level and showed signs of rejection.
🔻 Bearish Signal Emerges
The price broke below the channel support, indicating a possible trend shift or short-term correction. High volume on the red candle suggests strong selling pressure.
🎯 Target Area
If the bearish momentum continues, price is likely to test the support near 3,294.50, which aligns with previous structure levels.
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🟢 Trend Structure: Ascending Channel Formation
Price moved strongly within an ascending channel, showing clear bullish momentum over multiple sessions.
🔺 Breakout & Rejection
A breakout occurred with a large bullish candle and high volume, but the price quickly faced resistance near the 3,355 level and showed signs of rejection.
🔻 Bearish Signal Emerges
The price broke below the channel support, indicating a possible trend shift or short-term correction. High volume on the red candle suggests strong selling pressure.
🎯 Target Area
If the bearish momentum continues, price is likely to test the support near 3,294.50, which aligns with previous structure levels.
If you enjoy, press the like button.
Trade ativo
Trade fechado: objetivo atingido
Nota
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🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
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t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Publicações relacionadas
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.