Lingrid | GOLD Consolidation ZONE: Possible SHORT Setup

XAUUSD has formed multiple lower highs near the 3376–3380 zone, consistently rejecting the descending red trendline within the resistance area. Despite a strong rebound from the May low, price is now testing the underside of this multi-touch resistance and stalling just under 3376. A rejection from this region may trigger a drop toward the support level at 3265.

📈 Key Levels

• Sell zone: 3370–3376
  
• Sell trigger: breakdown below 3340
  
• Target: 3265
  
• Buy trigger: breakout above 3385 with momentum
  

💡 Risks

• Breaking above 3385 would invalidate the bearish thesis
  
• False breakout patterns are present, so wicks above may trap sellers
  
• Trendline support around 3300 must hold to avoid further downside momentum
  

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻