Gold has broken below the ABCD harmonic pattern structure, a classic sign of a potential trend reversal. This bearish move is now approaching the critical support at $3385, which has acted as a structural pivot in past sessions.
Adding to this bearish outlook, the Momentum oscillator has crossed decisively below the 100-line, confirming a shift in directional strength and reinforcing downside potential.
🔽 TradeIdea – XAUUSD Short Setup
Entry Trigger: Initiate short positions only if price closes below $3385 on strong volume.
Take-Profit Target: $3360 – near the lower harmonic projection and previous demand zone.
Stop-Loss Idea: Above $3412 (structure invalidation level)
This setup aligns with both pattern-based analysis and momentum confirmation, increasing confidence for short-term bearish continuation.
Adding to this bearish outlook, the Momentum oscillator has crossed decisively below the 100-line, confirming a shift in directional strength and reinforcing downside potential.
🔽 TradeIdea – XAUUSD Short Setup
Entry Trigger: Initiate short positions only if price closes below $3385 on strong volume.
Take-Profit Target: $3360 – near the lower harmonic projection and previous demand zone.
Stop-Loss Idea: Above $3412 (structure invalidation level)
This setup aligns with both pattern-based analysis and momentum confirmation, increasing confidence for short-term bearish continuation.
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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.
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.