The chart depicts a clear rising wedge pattern, signaling a potential bearish reversal for Gold (XAU/USD).
Key Features:
1. Wedge Formation: The price is consolidating within converging trendlines, indicating weakening bullish momentum.
2. Resistance Zone: Sellers are active near $2,754 - $2,760, capping further upside movement.
3. Breakout Potential: A decisive break below the wedge's lower boundary near $2,710 would confirm the bearish setup.
4. Target: Based on the pattern height, the projected target is $2,640, aligning with strong support levels.
5. Invalidation: If the price breaks above the resistance zone at $2,760, the bearish outlook is invalidated.
Trading Strategy:
Sell Entry: Below $2,710 after confirmation of breakout.
Take-Profit: $2,640 (measured move target).
Stop-Loss: Above $2,760 to minimize risk.
Volume and price action will be key to validate this high-probability trade setup. Stay alert for confirmation signals!
Key Features:
1. Wedge Formation: The price is consolidating within converging trendlines, indicating weakening bullish momentum.
2. Resistance Zone: Sellers are active near $2,754 - $2,760, capping further upside movement.
3. Breakout Potential: A decisive break below the wedge's lower boundary near $2,710 would confirm the bearish setup.
4. Target: Based on the pattern height, the projected target is $2,640, aligning with strong support levels.
5. Invalidation: If the price breaks above the resistance zone at $2,760, the bearish outlook is invalidated.
Trading Strategy:
Sell Entry: Below $2,710 after confirmation of breakout.
Take-Profit: $2,640 (measured move target).
Stop-Loss: Above $2,760 to minimize risk.
Volume and price action will be key to validate this high-probability trade setup. Stay alert for confirmation signals!
✅ ✅ Perfect Signals Provider With 90% Accuracy
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
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t.me/FOREX_BRIGHT_FUTURE1
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
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.
✅ ✅ Perfect Signals Provider With 90% Accuracy
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
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.