XAUUSD : Fake Breakout or Trend Reversal ?
Gold experienced a sharp decline, briefly breaking below key support levels and hitting a low of $2,896 before rebounding. The sudden drop caused high volatility, but buyers quickly stepped in, pushing the price back toward the previous consolidation zone. It is now trading around $2,925.
Currently, gold is attempting to re-enter the price range of $2,920 - $2,950. If the price fully recovers and trades within this range, it could confirm a fake breakout, signaling that the bullish trend remains intact.
Looking ahead, if gold successfully stabilizes above the lower boundary of this range, we might see another attempt to break above $2,950, potentially aiming for new highs. However, failure to hold above key levels could trigger renewed selling pressure.
📌 Key Levels to Watch:
Support: $2,895 - $2,924
Resistance: $2,940 - $2,950
Currently, gold is attempting to re-enter the price range of $2,920 - $2,950. If the price fully recovers and trades within this range, it could confirm a fake breakout, signaling that the bullish trend remains intact.
Looking ahead, if gold successfully stabilizes above the lower boundary of this range, we might see another attempt to break above $2,950, potentially aiming for new highs. However, failure to hold above key levels could trigger renewed selling pressure.
📌 Key Levels to Watch:
Support: $2,895 - $2,924
Resistance: $2,940 - $2,950
Trade ativo
✅You can get 5 - 7 gold signals - Forex every day
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
Publicações relacionadas
Aviso legal
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.
✅You can get 5 - 7 gold signals - Forex every day
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
Publicações relacionadas
Aviso legal
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.