XAU/USD: Rising Wedge Breakdown Setup
The chart depicts a clear rising wedge pattern, signaling a potential bearish reversal for Gold (XAU/USD).
Key Features:
1. Wedge Formation: The price is consolidating within converging trendlines, indicating weakening bullish momentum.
2. Resistance Zone: Sellers are active near $2,754 - $2,760, capping further upside movement.
3. Breakout Potential: A decisive break below the wedge's lower boundary near $2,710 would confirm the bearish setup.
4. Target: Based on the pattern height, the projected target is $2,640, aligning with strong support levels.
5. Invalidation: If the price breaks above the resistance zone at $2,760, the bearish outlook is invalidated.
Trading Strategy:
Sell Entry: Below $2,710 after confirmation of breakout.
Take-Profit: $2,640 (measured move target).
Stop-Loss: Above $2,760 to minimize risk.
Volume and price action will be key to validate this high-probability trade setup. Stay alert for confirmation signals!
Key Features:
1. Wedge Formation: The price is consolidating within converging trendlines, indicating weakening bullish momentum.
2. Resistance Zone: Sellers are active near $2,754 - $2,760, capping further upside movement.
3. Breakout Potential: A decisive break below the wedge's lower boundary near $2,710 would confirm the bearish setup.
4. Target: Based on the pattern height, the projected target is $2,640, aligning with strong support levels.
5. Invalidation: If the price breaks above the resistance zone at $2,760, the bearish outlook is invalidated.
Trading Strategy:
Sell Entry: Below $2,710 after confirmation of breakout.
Take-Profit: $2,640 (measured move target).
Stop-Loss: Above $2,760 to minimize risk.
Volume and price action will be key to validate this high-probability trade setup. Stay alert for confirmation signals!
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t.me/FOREX_BRIGHT_FUTURE1
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
✅ ✅ Perfect Signals Provider With 90% Accuracy
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
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