XAUUSD 4H | Symmetrical Squeeze Breakout Incoming – Bearish Bias📉 Description:
Gold is currently consolidating at the apex of a descending triangle / symmetrical squeeze, hovering between dynamic resistance from the EMA 20 and a confluence of horizontal supply + trendline.
We’re seeing repeated rejections near $3,300, and price is now sitting below both the 20 EMA and the 68 EMA, showing a shift in short-term momentum.
I’m watching for a clean break and close below $3,285, which could trigger a sharp move toward the next demand zone around $3,203. That zone also aligns with the lower white trendline support, offering a possible bounce or continuation target.
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🔧 Confluences:
• Trendline resistance + horizontal supply
• EMA 20 and 68 compressing price
• Lower highs forming with no bullish momentum
• Bearish engulfing candle rejection near $3,300
• Symmetrical wedge breakout setup
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📍Bias: Bearish
📉 Entry Trigger: Break + close below wedge + MA zone
🎯 Target: $3,203
📛 Invalidation: Clean break back above $3,300 structure
