XAU/USD H1 Channel Formation

The XAU/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. XAUUSD

Key Points:

Sell Entry: Consider entering a short position around the current price of 2357, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 2328
2nd Support – 2309

Stop-Loss: To manage risk, place a stop-loss order above 2370. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

Thank you.

Trade active:

Today High Impact News :
USD - Nonfarm Payrolls
USD - Unemployment Rate

Trade closed: stop reached:

Mixed News from USD, today Price moved Double side.. 🤦🏻‍♂️🤦🏻‍♂️

Next Week We update more Chart & Profit 💰💰