1. Current Trend
Price is moving inside a down channel, marked by the two blue trendlines.
Each time price touches the upper edge of the channel, it gets rejected and turns lower, showing sellers are in control.
Key resistance zone: around 3,645 – 3,655 (red box), which has been tested multiple times but failed to hold.
2. Key Levels
Short-term resistance: 3,650 – 3,655. Unless a breakout occurs, the bearish momentum remains dominant.
Support target: 3,590 – 3,600 (blue box below). This is a previous low and a strong demand zone.
3. Price Scenarios
Main scenario (preferred): Price continues moving inside the down channel → breaks below 3,640 → gradually drops toward 3,600 – 3,590.
Alternative scenario: If there’s a strong breakout above 3,655 with a solid H1 close, the short-term trend may reverse upward, targeting 3,670 – 3,680.
4. Trading View
With the current trend: bias remains Sell within the down channel, with stop-loss above 3,660.
Take-profit near 3,610 first, and extended target around 3,590.
Price is moving inside a down channel, marked by the two blue trendlines.
Each time price touches the upper edge of the channel, it gets rejected and turns lower, showing sellers are in control.
Key resistance zone: around 3,645 – 3,655 (red box), which has been tested multiple times but failed to hold.
2. Key Levels
Short-term resistance: 3,650 – 3,655. Unless a breakout occurs, the bearish momentum remains dominant.
Support target: 3,590 – 3,600 (blue box below). This is a previous low and a strong demand zone.
3. Price Scenarios
Main scenario (preferred): Price continues moving inside the down channel → breaks below 3,640 → gradually drops toward 3,600 – 3,590.
Alternative scenario: If there’s a strong breakout above 3,655 with a solid H1 close, the short-term trend may reverse upward, targeting 3,670 – 3,680.
4. Trading View
With the current trend: bias remains Sell within the down channel, with stop-loss above 3,660.
Take-profit near 3,610 first, and extended target around 3,590.
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🔴9-12 signals per day
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🔴24/7 support for newbies.
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Related publications
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.
✅MY FREE FOREX & XAUUSD SIGNALS TELEGRAM CHANNEL:
t.me/Jenny_in_your_area
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
JENDA FISH 😘
t.me/Jenny_in_your_area
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
JENDA FISH 😘
Related publications
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.