XAUUSD - 15 mins SELL
Entry Context:
The sell entry at 2,646 is just below the key 78.6% Fibonacci retracement level (2,650), a strong resistance zone.
This aligns well with the rejection of bullish momentum near the higher Fib levels.
Technical Patterns:
A Bearish Pennant pattern is visible, signaling a continuation of the downtrend.
Price action is forming lower highs, adding strength to the bearish bias.
Indicators:
Momentum: Indicators show weakening bullish momentum, aligning with the rejection near 2,650.
EMAs: Short-term EMAs are flattening, indicating a potential bearish crossover.
The sell entry at 2,646 is just below the key 78.6% Fibonacci retracement level (2,650), a strong resistance zone.
This aligns well with the rejection of bullish momentum near the higher Fib levels.
Technical Patterns:
A Bearish Pennant pattern is visible, signaling a continuation of the downtrend.
Price action is forming lower highs, adding strength to the bearish bias.
Indicators:
Momentum: Indicators show weakening bullish momentum, aligning with the rejection near 2,650.
EMAs: Short-term EMAs are flattening, indicating a potential bearish crossover.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.