XAUUSD ANALYSIS BEARISH PULLBACK TOWARDS $3000 SUPPORT

24 Mar

Hi Guys this is overview of XAUUSD feel free share feedback in comments.

Technical Analysis One Hour Chart
Price Action Trend Analysis
The market has been in a strong uptrend characterized by higher high and higher low.

Recently the priced faced resistance near the $3040 level. leading to rejection.

A pullback is currently in progress sugessting a possible retracement to a demand zone.

2 Key Levels

Resistance Zone ( Supply zone) around $3040 and $3045 wherte price has been rejected multiple times.

Current price $3022

3 Market Structure And Expected Move the price tested the resistance zone failed to break above , and is now reacting downward.

A bearish projection as in the shown in the chart suggests a potential toward the $3000 and $3005 support zone.

If this post is useful for you please kindly dont forget like and comments i will be Glad.

24 Mar

İşlem aktif

Trade Active From 3022 to 3013 to sell side

90 pips Successsfully Done Guys

24 Mar

Not

Keep Hold Strongly Market will Big Drop

24 Mar

Not

170 pips Done Beautifully Guys

24 Mar

Not

Keep Hold Tightly Market will Fruther Drop Guys

25 Mar

İşlem kapandı: hedefe ulaştı

XAUUSD Analysis Bearish pullback complete as price hits $3000 Support

Gold followed the expected bearish retracement, successfully reaching the $3000 support zone after rejection from resistance near $3040.
Now traders will watch for potential buying pressure at this key level or a possible breakdown for fruther downside.