XAUUSD MARKET UPDATE 19 - 06 - 2025GOLD (US$/OZ)TVC:GOLDMr_ZakriiThis chart presents a technical analysis of Gold CFDs (XAU/USD) on the 30-minute timeframe. Here's a breakdown of the key elements: Chart Structure & Patterns: Descending Channel: Price has been consolidating in a downward-sloping channel (marked in blue). Projected Move: The sketch on the chart shows a potential false breakdown below the channel support, followed by a strong bullish reversal. Support Zone: Around $3,321.534 to $3,341, highlighted in green/red — this is the expected reversal zone. Resistance/Target Zone: A sharp upward arrow suggests the price could move towards the $3,453.550 area, the previous high and a key resistance. Current Price: $3,373.133 (as per the chart), sitting near the middle of the channel. Analysis Summary: This is a bullish setup expecting: 1. A dip to retest or fake out below the channel. 2. Reversal from the demand zone (highlighted green). 3. Breakout from the descending channel leading to a strong rally. Invalidation likely occurs below $3,321. Trade Idea (based on the chart): Buy near: $3,340–$3,325 Stop loss: Below $3,321 Target: $3,440–$3,453 Would you like a written trading plan or risk management breakdown for this idea?