XAUUSD SHORT
GOLD | Key Resistance Zone at 2925 - 2935
Gold has reached a critical resistance zone between 2925 - 2935, following a strong upward move. This level is expected to hold the price and could lead to a potential reversal. However, for further downside confirmation, the price must break the trendline.
🔸 Bearish Scenario: If the trendline breaks, I expect the price to decline toward the marked targets on the chart.
🔸 Invalidation: If the price fails to break below the trendline, I will close manually and reassess the setup.
Keeping a close watch on price action for confirmation!
The chart highlights support and resistance lines where the price is expected to move.
If the price successfully breaks a line and holds above or below it, it is likely to reach the next line.
▪️ Always ensure that the idea aligns with your analysis before executing.
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