Sell XAUUSD Channel Breakout
Mis à jour
The XAU/USD pair (spot gold) on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further price declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 2322 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
2294: This represents the first level of support within the channel.
2279: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 2332. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 2322 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
2294: This represents the first level of support within the channel.
2279: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 2332. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Transaction en cours
👉👉 Join My Telegram Channel :
✳️Forex Signals & Technical Chart : telegram.me/kabhifx
📞📞Telegram me @t.me/kabhidhan
✳️Forex Signals & Technical Chart : telegram.me/kabhifx
📞📞Telegram me @t.me/kabhidhan
Publications connexes
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.