Sell Gold (Xau/Usd) wedge Breakout

12 août

The XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.

Key Points:

Sell Entry: Consider entering a short position around the current price of 2427, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 2403
2nd Support – 2388

Stop-Loss: To manage risk, place a stop-loss order above 2440. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.

Best Regards, KABHI FOREX TRADING
Thank you.

12 août

Transaction en cours

Take Entry now

12 août

Note

all our past week Traders are closed,

Now Gold - Wedge pattern only Running

12 août

Trade fermée: ordre d’arrêt atteint

Today Xau/Usd sl hit❌❌
Wedge pattern failed