Price action on the 1H chart shows that Gold has been respecting an ascending channel structure, with the most recent movement presenting a false breakdown below the lower trendline — a classic liquidity grab setup
Key Observations
The market dipped below the ascending channel's support but quickly recovered, signaling a false breakdown Price has now reclaimed the 3,373.65 zone a crucial trigger level.
Volume profile supports the bullish bounce, with visible support near 3349
Potential upside targets lie around 3404 3422 to 3446 where resistance levels are marked.
Resistance: levels 3404, 3422, 3446,
support: levels 3349, 3320,
Trade Idea
If the price maintains above the trigger zone and confirms structure, we could see bullish continuation toward the upper channel boundary. Invalidation
A strong break and close back below 3349 would invalidate this setup and open the path toward 3320 POC This setup blends a classic structure (ascending channel), smart money behavior (liquidity sweep), and a clear risk-reward scenario
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
Key Observations
The market dipped below the ascending channel's support but quickly recovered, signaling a false breakdown Price has now reclaimed the 3,373.65 zone a crucial trigger level.
Volume profile supports the bullish bounce, with visible support near 3349
Potential upside targets lie around 3404 3422 to 3446 where resistance levels are marked.
Resistance: levels 3404, 3422, 3446,
support: levels 3349, 3320,
Trade Idea
If the price maintains above the trigger zone and confirms structure, we could see bullish continuation toward the upper channel boundary. Invalidation
A strong break and close back below 3349 would invalidate this setup and open the path toward 3320 POC This setup blends a classic structure (ascending channel), smart money behavior (liquidity sweep), and a clear risk-reward scenario
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
Trade closed manually
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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.
🚀 Tap to join – no copy needed!
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
Trade smarter with Linford 🤴
👇 join telegram channels now
#1: t.me/Trendlinford
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
Trade smarter with Linford 🤴
👇 join telegram channels now
#1: t.me/Trendlinford
Related publications
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.