Attention traders! A promising short opportunity has emerged in the XAU/USD (Gold vs US Dollar) pair on the 2-hour time frame. Here are the key details to consider: Resistance Levels: The price is approaching a strong resistance zone at 2425, which was the high of the previous day and has historically acted as a reversal point. Technical Indicators: Various...
"XAUUSD shows a falling wedge pattern near a strong support level, suggesting a dip buy opportunity. Entry between 2295-2300, SL at 2290, and TP up to 2400. Employ trailing stop according to TP ratio."
"In the XAU/USD chart, a rising wedge or a bearish flag formation appears to be developing, indicating a strong selling opportunity. To refine the entry for this trade, consider using the 2-hour and 1-hour timeframes. The entry price is set at 2319 with a stop loss at 2329, and the target for this bearish setup is potentially down to 2266."
Trade Overview: In the current trading session, an opportunistic pattern has been identified in the XAU/USD market, suggesting a bullish sentiment. After careful analysis, a strategic entry point has been established, aiming to capitalize on the anticipated upward movement. The following details outline the trade setup, including entry point, stop loss, and take...