Gold (XAU/USD) 30-Minute Analysis – Bearish Setup📉
Key Observations:
1.Rising Wedge Breakdown:
- The price has been moving within an ascending channel(EA TRADE LINE).
- A potential breakdown is forming as the price approaches resistance.
EMA Levels:
-30 EMA (Red, 2,986.22: The price is hovering near this level, showing potential weakness.
-200 EMA (Blue, 2,950.00) This is the first major support level in case of a decline.
3. Bearish Projection:
- A break below current leve could trigger a sharp drop.
- The **target zone is around 2,902.73 – 2,902.41, aligning with prior support.
4. Risk Management:
Stop-loss (Red Zone): Placed above 2,990.86 to protect against invalidation.
Take-Profit (Green Zone):Set near 2,902, offering a strong risk-to-reward ratio
Conclusion:
-Bearish Bias: A drop seems likely if the price fails to reclaim higher levels.
Confirmation Needed A clean break of 2,980 could accelerate the move.
-Risk Facto If price reclaims 2,990+, the bearish setup might be invalid.
Key Observations:
1.Rising Wedge Breakdown:
- The price has been moving within an ascending channel(EA TRADE LINE).
- A potential breakdown is forming as the price approaches resistance.
EMA Levels:
-30 EMA (Red, 2,986.22: The price is hovering near this level, showing potential weakness.
-200 EMA (Blue, 2,950.00) This is the first major support level in case of a decline.
3. Bearish Projection:
- A break below current leve could trigger a sharp drop.
- The **target zone is around 2,902.73 – 2,902.41, aligning with prior support.
4. Risk Management:
Stop-loss (Red Zone): Placed above 2,990.86 to protect against invalidation.
Take-Profit (Green Zone):Set near 2,902, offering a strong risk-to-reward ratio
Conclusion:
-Bearish Bias: A drop seems likely if the price fails to reclaim higher levels.
Confirmation Needed A clean break of 2,980 could accelerate the move.
-Risk Facto If price reclaims 2,990+, the bearish setup might be invalid.
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
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.