Disrupted Analysis: Bearish Outlook on Gold CFDs (1H Chart)
Support Breakdown Imminent:
The price is repeatedly testing the support area marked in red. Instead of holding strong, this indicates weak buyer interest. Volume is not spiking in support, showing no accumulation behavior.
Volume Divergence:
Despite prices consolidating near support, volume is decreasing, suggesting lack of conviction from bulls. This often precedes bearish breakdowns.
Bearish Targets:
If the current level at 3,352.990 breaks down decisively:
Immediate target: 3,320.000
Extended bearish move: 3,280.000 (prior demand zone)
Price Action Signals:
Lower highs forming consistently.
No bullish engulfing or reversal candles in sight.
Stronger bearish momentum candles (long red bodies with volume).
---
📉 Suggested Disruption Chart Path (Instead of Bullish Arrow):
Support Area
↓
┌───────┐
│ │
▼ │
Breakdown │
▼ │
Retest Fail │
▼ │
Bearish Slide▼
Support Breakdown Imminent:
The price is repeatedly testing the support area marked in red. Instead of holding strong, this indicates weak buyer interest. Volume is not spiking in support, showing no accumulation behavior.
Volume Divergence:
Despite prices consolidating near support, volume is decreasing, suggesting lack of conviction from bulls. This often precedes bearish breakdowns.
Bearish Targets:
If the current level at 3,352.990 breaks down decisively:
Immediate target: 3,320.000
Extended bearish move: 3,280.000 (prior demand zone)
Price Action Signals:
Lower highs forming consistently.
No bullish engulfing or reversal candles in sight.
Stronger bearish momentum candles (long red bodies with volume).
---
📉 Suggested Disruption Chart Path (Instead of Bullish Arrow):
Support Area
↓
┌───────┐
│ │
▼ │
Breakdown │
▼ │
Retest Fail │
▼ │
Bearish Slide▼
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.
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.