XAUUSD Trading Signal: Will it Rebound 3340 or Break Lower?

XAUUSD Trading Signal by Guriforex: Will the Gold Rebound from 3340 or Break Lower?

The gold market (XAUUSD) continues to show heightened volatility as it reacts to both technical levels and broader macroeconomic factors. In today’s XAUUSD trading signal, we focus on a key setup unfolding after gold rebounded from the 3440 resistance and began a downward correction.

After reaching the recent swing high at 3440, gold faced strong selling pressure and started pulling back. The move gained momentum as the price broke below the 200-day moving average (MA200) — a widely followed trend indicator — suggesting a potential shift in short-term sentiment. Additionally, the MACD indicator crossed below the zero line, further confirming bearish momentum.

Currently, XAUUSD is approaching the 3340 level, which aligns with the global ascending trendline. This confluence makes 3340 a crucial support zone. From a trading strategy perspective, this zone gives rise to two actionable scenarios:

🔼 XAUUSD Trading Signal Bullish Scenario:

If gold rebounds from 3340, we anticipate a potential recovery targeting the 3440 resistance once again. This level has acted as both support and resistance in the past and offers a logical take-profit (TP) zone for short-term long positions.

Trade Setup: Buy XAUUSD near 3340 on bullish reversal signals

Target: 3440

Stop-Loss: Below trendline (~3315 for risk control)

XAUUSD Trading Signal: Will it Rebound 3340 or Break Lower?

🔽 XAUUSD Bearish Scenario:

However, if XAUUSD breaks below the ascending trendline, it would likely trigger a deeper decline toward the next major support at 3280. A sustained break below this level would invalidate the current uptrend and open the door to a broader bearish move.

Trade Setup: Sell XAUUSD on a confirmed break below trendline support

Target: 3280

Stop-Loss: Above 3340

This XAUUSD trading signal highlights a key decision point for gold traders. Whether you’re watching for a bounce from support or preparing for a trendline breakdown, risk management remains critical. Always wait for confirmation before entering a trade, especially around such significant price zones.

📊 Share your view in the comments: Are you expecting a rebound from 3340 or a breakdown toward 3280?

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