XAU/USD (Gold) Bearish Channel
The XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent formation well-defined Channel 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 2321, positioned close to the top level of channel. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2296
2nd Support – 2281
Stop-Loss: To manage risk, place a stop-loss order above 2340. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
🔊 Support by leaving Likes & Comments.
Thank you.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2321, positioned close to the top level of channel. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2296
2nd Support – 2281
Stop-Loss: To manage risk, place a stop-loss order above 2340. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
🔊 Support by leaving Likes & Comments.
Thank you.
Trade active
Note
Note
In Good Profit
Trade closed: target reached
with Good Profit
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👉👉 Join My Telegram Channel :
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✳️ Crypto Technical Analysis - telegram.me/Kabhi_Crypto
📞📞Telegram me @t.me/kabhidhan
✳️ Forex Signals & Technical Chart : telegram.me/kabhifx
✳️ Crypto Technical Analysis - telegram.me/Kabhi_Crypto
📞📞Telegram me @t.me/kabhidhan
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.