This 4-hour gold (XAU/USD) chart shows price action forming a descending triangle, signaling a possible bearish breakdown. The trend is constrained by a downward sloping resistance line, with price consolidating near the lower range. A "Sell" signal has been triggered, and the Supertrend indicator aligns with the bearish bias. The chart highlights a target of 3009, suggesting a potential drop if support at 3,008.87 is breached. Traders should monitor for confirmation of a breakout or potential reversal.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.