GOLD | reversal from key support of the global trend... to 3446?

6月19日

Price action on the 1H chart shows that Gold has been respecting an ascending channel structure, with the most recent movement presenting a false breakdown below the lower trendline — a classic liquidity grab setup

Key Observations
The market dipped below the ascending channel's support but quickly recovered, signaling a false breakdown Price has now reclaimed the 3,373.65 zone a crucial trigger level.
Volume profile supports the bullish bounce, with visible support near 3349
Potential upside targets lie around 3404 3422 to 3446 where resistance levels are marked.

Resistance: levels 3404, 3422, 3446,
support: levels 3349, 3320,

Trade Idea
If the price maintains above the trigger zone and confirms structure, we could see bullish continuation toward the upper channel boundary. Invalidation
A strong break and close back below 3349 would invalidate this setup and open the path toward 3320 POC This setup blends a classic structure (ascending channel), smart money behavior (liquidity sweep), and a clear risk-reward scenario

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Best Regards TrendLinford!

6月23日

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