GOLD (XAUUSD) Interesting Trading Opportunity!
hey guys,
gold keeps setting lower highs on a daily and consolidation continues.
yesterday, once the market reached a triangle resistance, the price formed a double top formation
then broke and closed below a support line of a rising wedge pattern.
with a high momentum bearish candle, the breakout is confirmed now
and we have an opportunity to short the market on a retest.
our sell zone is the expanding area between a broken rising support of the wedge and a horizontal support of double bottom.
goal - 1927 (support of the triangle)
if the market drops to the target not retesting our zone, setup will be invalid.
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