🟡 Gold (XAU/USD) – 8H Breakdown
📊 Bias
Currently neutral → short-term bearish pullback expected before bullish continuation.
🔎 Technical Breakdown
Structure:
Price is consolidating inside a batwing harmonic pattern.
Multiple strong rejections from resistance confirm sellers defending higher levels.
Key unmitigated demand zone sits around 3,268 – 3,280.
Key Levels:
Target Resistance: 3,499
Current Price: 3,397
Mitigation Zone: 3,320 – 3,330
Demand Zone (Buy POI): 3,268 – 3,280 (high probability entry)
Invalidation: Break & close below 3,268
Expectations:
Possible short-term rejection around current resistance (3,397 – 3,410).
Price likely retraces into mitigation zone (3,320) or deeper into demand (3,268).
Bullish reaction from demand could push back into 3,499 target level.
🎯 Trade Plan
Entry Zone (Buy): 3,268 – 3,280 (unmitigated demand)
Stop Loss: Below 3,250 (invalidate structure)
First Target: 3,397 (current highs / liquidity)
Main Target: 3,499 (major resistance level)
⚠️ Notes
Watch for false breakouts above 3,400 before the deeper retracement.
Confirmation at demand zone is key — look for rejection candles or bullish engulfing.
If demand fails, structure flips bearish into 3,200s.
📊 Bias
Currently neutral → short-term bearish pullback expected before bullish continuation.
🔎 Technical Breakdown
Structure:
Price is consolidating inside a batwing harmonic pattern.
Multiple strong rejections from resistance confirm sellers defending higher levels.
Key unmitigated demand zone sits around 3,268 – 3,280.
Key Levels:
Target Resistance: 3,499
Current Price: 3,397
Mitigation Zone: 3,320 – 3,330
Demand Zone (Buy POI): 3,268 – 3,280 (high probability entry)
Invalidation: Break & close below 3,268
Expectations:
Possible short-term rejection around current resistance (3,397 – 3,410).
Price likely retraces into mitigation zone (3,320) or deeper into demand (3,268).
Bullish reaction from demand could push back into 3,499 target level.
🎯 Trade Plan
Entry Zone (Buy): 3,268 – 3,280 (unmitigated demand)
Stop Loss: Below 3,250 (invalidate structure)
First Target: 3,397 (current highs / liquidity)
Main Target: 3,499 (major resistance level)
⚠️ Notes
Watch for false breakouts above 3,400 before the deeper retracement.
Confirmation at demand zone is key — look for rejection candles or bullish engulfing.
If demand fails, structure flips bearish into 3,200s.
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.