GOLD (XAUUSD) – Reversal or Continuation?
Chart timeframe: 30-Min | Analysis Date April 14 2025
Gold has been on a strong bullish run after breaking out of a descending pattern near the 3080 level Since then price has surged upward but it’s now stalling near a strong resistance zone around 3245–3240
Here’s what I’m watching next
Key Resistance Zone Price is currently consolidating under a major resistance level This area could trigger two possible outcomes:
1. Rejection & Bearish Correction
If price fails to break above resistance we could see a drop toward support levels at
3209 3186 3167
These levels are marked as potential liquidity zones and former structure points.
2. Fake Breakout Scenario:
A quick spike above resistance could act as a trap followed by a sharp bearish move back below
Support Area to Watch
Should the market turn bearish the next major support is in the 3136–3167 range
What’s Next?
While bulls are still in control the signs of exhaustion near resistance are worth noting A confirmed break below 3200 could open the door for deeper correction
This is not financial advice—just sharing a setup I’m watching closely Always follow your own strategy and risk management
Agree with the outlook or see it differently? Drop your thoughts below!
Chart timeframe: 30-Min | Analysis Date April 14 2025
Gold has been on a strong bullish run after breaking out of a descending pattern near the 3080 level Since then price has surged upward but it’s now stalling near a strong resistance zone around 3245–3240
Here’s what I’m watching next
Key Resistance Zone Price is currently consolidating under a major resistance level This area could trigger two possible outcomes:
1. Rejection & Bearish Correction
If price fails to break above resistance we could see a drop toward support levels at
3209 3186 3167
These levels are marked as potential liquidity zones and former structure points.
2. Fake Breakout Scenario:
A quick spike above resistance could act as a trap followed by a sharp bearish move back below
Support Area to Watch
Should the market turn bearish the next major support is in the 3136–3167 range
What’s Next?
While bulls are still in control the signs of exhaustion near resistance are worth noting A confirmed break below 3200 could open the door for deeper correction
This is not financial advice—just sharing a setup I’m watching closely Always follow your own strategy and risk management
Agree with the outlook or see it differently? Drop your thoughts below!
Trade attivo
200pips runnNota
taken
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.