XAU/USD – Potential Bearish Trend Despite Partial Recovery
Gold showed signs of a potential bearish trend, despite a recovery on Wednesday that retraced nearly half of Tuesday's 1.3% decline. From a technical perspective, price action is currently at a critical level.
A 1H candle close above 3280 we could see confirm bearish bias in the short term. Failure to break above this resistance could reinforce selling pressure and resume the downtrend.
Resistance Level 3285 / 3295
Support Line 3252 / 3222
Traders if you Liked this idea or if you have your own Opnion about it write in the Comments i will be Glad.
Gold showed signs of a potential bearish trend, despite a recovery on Wednesday that retraced nearly half of Tuesday's 1.3% decline. From a technical perspective, price action is currently at a critical level.
A 1H candle close above 3280 we could see confirm bearish bias in the short term. Failure to break above this resistance could reinforce selling pressure and resume the downtrend.
Resistance Level 3285 / 3295
Support Line 3252 / 3222
Traders if you Liked this idea or if you have your own Opnion about it write in the Comments i will be Glad.
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t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.