XAU/USD) bearish Trand analysis Read The caption

SMC trading point update



Technical analysis of (XAU/USD) on the 3-hour timeframe, projecting further downside after rejection from a resistance zone aligned with a descending trendline.


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Analysis Summary

Trend Bias: Bearish

Current Price: ~$3,301.96

Structure: Price is respecting a descending channel, with multiple rejections from the upper boundary and key resistance zone.



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Key Technical Insights

1. Resistance Zone & Downtrend Line:

Price was rejected from a resistance block near the EMA 200 (~$3,331) and descending trendline.

This level has repeatedly triggered strong downside moves (highlighted with red arrows).



2. EMA 200 Reaction:

The EMA 200 at $3,331.10 is acting as dynamic resistance.

Each time price reaches or crosses above this line, selling pressure increases.



3. Bearish Price Projection:

After recent rejection, the chart anticipates a pullback to the support zone between $3,248.26 and $3,245.71.

A deeper drop toward $3,159.13 is projected as a next major target, consistent with previous price moves.



4. RSI Indicator:

RSI at 40.24 suggests bearish momentum is still in play but not yet oversold—indicating room for more downside.





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Bearish Trade Idea

Element Level / Description

Entry Zone Below resistance: $3,310–$3,320
Target 1 $3,248.26–$3,245.71 (support zone)
Target 2 $3,159.13 (channel base / next support)
Stop-Loss Above $3,335 (above resistance zone)



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Risk Considerations

Fundamental catalysts: Gold is sensitive to USD strength, interest rate decisions, and macroeconomic data.

Invalidation: A strong breakout and close above the descending trendline and EMA 200 would negate the bearish outlook.



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Summary

This analysis outlines a bearish setup for XAU/USD, supported by trendline resistance, EMA rejection, and RSI momentum. If current structure holds, a move toward the $3,245 and $3,159 levels is likely.




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