Price is coiling inside a tight consolidation box right at the upper boundary of an ascending channel. This suggests a breakout is near – but which way?
🔍 Key Observations:
Price respecting the upper trendline
Sideways compression with lower highs and flat resistance
Support zone: 3,345 – 3,343
Below that, deeper targets open:
➤ 3,324
➤ 3,301
➤ 3,298
⚠️ Bearish Breakdown Alert:
A fall below 3,343 may trigger a sharp sell-off toward lower channel support.
🛡 Invalidation:
Sustained breakout above 3,362 will invalidate bearish bias and may lead to new highs.
📌 Be patient, the move is loading…
Breakout = Opportunity. Breakdown = Opportunity. Let price show the way.
#XAUUSD #GoldAnalysis #PriceAction #ChartPatterns #ForexTrading #BreakoutTrading #TechnicalAnalysis #SmartMoneyMoves
🔍 Key Observations:
Price respecting the upper trendline
Sideways compression with lower highs and flat resistance
Support zone: 3,345 – 3,343
Below that, deeper targets open:
➤ 3,324
➤ 3,301
➤ 3,298
⚠️ Bearish Breakdown Alert:
A fall below 3,343 may trigger a sharp sell-off toward lower channel support.
🛡 Invalidation:
Sustained breakout above 3,362 will invalidate bearish bias and may lead to new highs.
📌 Be patient, the move is loading…
Breakout = Opportunity. Breakdown = Opportunity. Let price show the way.
#XAUUSD #GoldAnalysis #PriceAction #ChartPatterns #ForexTrading #BreakoutTrading #TechnicalAnalysis #SmartMoneyMoves
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.