Lingrid | GOLD ABC Complete - REVERSAL Setup

The price perfectly fulfilled my previous idea. XAUUSD touched the lower boundary of its descending channel near $3,108 and showed signs of a short-term bounce. The A-B-C correction appears complete, and buyers may attempt a rebound toward the $3,220 level. However, overall market structure remains bearish unless a breakout above the upper trendline confirms reversal.

📌 Key Levels

• Support: $3,108
  
• Resistance: $3,220
  
• Structure: Descending channel with lower highs and lows
  

⚠️ Risks

• Rejection near $3,220 could reinforce bearish control
  
• Failure to hold $3,108 opens room toward deeper support
  
• Bearish macro pressure from DXY or rate expectations could limit upside potential
  

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