The price has formed a Rising Wedge pattern inside a broader ascending channel and is now rejecting from the top resistance. A breakdown from this structure could signal a potential bearish reversal toward the previous demand zone.
📉 Trade Setup:
Sell Entry: Below 23,400(after candle close confirmation)
Stop Loss: Above 23,700
Target 1: 23,000
Target 2: 22,700 (Order Block Zone)
📉 Trade Setup:
Sell Entry: Below 23,400(after candle close confirmation)
Stop Loss: Above 23,700
Target 1: 23,000
Target 2: 22,700 (Order Block Zone)
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✅ Verified TradingView Contributor
📊 Focus: XAUUSD | Risk Management | ROI Strategies
🔗 Telegram: t.me/+I3cp4J9F2PU4MmZk
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.
💼 FX & Gold Market Specialist | Trader & Mentor
✅ Verified TradingView Contributor
📊 Focus: XAUUSD | Risk Management | ROI Strategies
🔗 Telegram: t.me/+I3cp4J9F2PU4MmZk
✅ Verified TradingView Contributor
📊 Focus: XAUUSD | Risk Management | ROI Strategies
🔗 Telegram: t.me/+I3cp4J9F2PU4MmZk
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.