Gold (XAU/USD) – Major Reversal Trade Setup!
📉 Gold (XAU/USD) – Major Reversal Trade Setup! 🚨
🔹 Market Overview:
Gold has been in a strong uptrend, trading within a rising channel. However, key technical indicators suggest a potential reversal, presenting a high-probability short trade setup.
🔹 Trade Setup:
📌 Entry: Around 2,905
📌 Stop Loss: 2,976 (Above resistance)
📌 Take Profit: 2,705 (Targeting key support)
🔹 Technical Analysis:
✅ Rising Channel Break? The price has reached the upper boundary of the channel, signaling possible selling pressure.
✅ Bearish Confirmation: If the price starts rejecting this level, we anticipate a drop toward the 2,705 support zone.
✅ Risk-Reward Ratio: A well-structured trade with a strong risk-to-reward setup.
🔹 Final Thoughts:
This could be a big move in Gold! A breakdown from the current structure may trigger a strong downside move. Watch closely! 👀
💬 What’s your outlook on Gold? Let’s discuss in the comments! 🔥
🔹 Market Overview:
Gold has been in a strong uptrend, trading within a rising channel. However, key technical indicators suggest a potential reversal, presenting a high-probability short trade setup.
🔹 Trade Setup:
📌 Entry: Around 2,905
📌 Stop Loss: 2,976 (Above resistance)
📌 Take Profit: 2,705 (Targeting key support)
🔹 Technical Analysis:
✅ Rising Channel Break? The price has reached the upper boundary of the channel, signaling possible selling pressure.
✅ Bearish Confirmation: If the price starts rejecting this level, we anticipate a drop toward the 2,705 support zone.
✅ Risk-Reward Ratio: A well-structured trade with a strong risk-to-reward setup.
🔹 Final Thoughts:
This could be a big move in Gold! A breakdown from the current structure may trigger a strong downside move. Watch closely! 👀
💬 What’s your outlook on Gold? Let’s discuss in the comments! 🔥
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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.
Elite Trading swing waves signals let's start trade with us.
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.