XAUUSD Price Analysis | Bearish Reversal in Progress

Gold has sharply broken down from the upper boundary of a well-respected parallel channel, hinting at a potential trend reversal.


🔎 Technical Breakdown:

Strong rejection at ~$3,440 resistance zone

Break in market structure = early signs of bearish momentum

Support 1: $3,300 – key short-term zone

Support 2: $3,250 – major confluence level


If price fails to hold above $3,300, a continuation toward $3,250 looks likely in the coming sessions.


📊 Trade Setup
Bias: Bearish
Entry Zone: On pullbacks below $3,390
TP1: $3,300
TP2: $3,250
SL: Above $3,420 (recent swing high)


⚠ Watchlist Dates:
🗓 June 18 – FOMC Meeting (high impact)


💬 What’s your outlook? Will gold hold $3,300 or are bears in control? Let’s discuss below!

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