/USD – H1 Timeframe Analysis
We are currently observing a potential selling opportunity on the XAU/USD pair based on a recent breakout pattern formation. This technical setup indicates a possible shift in momentum toward the downside over the coming hours.
Trade Setup – Short Position
Entry: Look to enter a short position around the trendline of the breakout pattern.
Target Levels:XAU
1st Support: 3152
2nd Support: 3020
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We are currently observing a potential selling opportunity on the XAU/USD pair based on a recent breakout pattern formation. This technical setup indicates a possible shift in momentum toward the downside over the coming hours.
Trade Setup – Short Position
Entry: Look to enter a short position around the trendline of the breakout pattern.
Target Levels:XAU
1st Support: 3152
2nd Support: 3020
Please hit the like button and
Leave a comment to support for My Post!
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, JAMES_GOLD_MASTER_MQL5
Thank you.
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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.
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.