📉 Gold Sell Setup – 18/06/2025 📉
Chart shows a clear descending channel formation on the XAUUSD pair.
🔸 Sell Limit Zone: 3411 to 3414
🔸 Stop Loss: 3425
🔸 Expected Reaction: Price is currently at the upper boundary of the descending channel, suggesting potential resistance and reversal.
🟡 RSI is approaching overbought territory, adding confluence for a possible bearish move.
⚠️ Note: Wait for proper rejection confirmation before executing the trade. Trade safe!
Chart shows a clear descending channel formation on the XAUUSD pair.
🔸 Sell Limit Zone: 3411 to 3414
🔸 Stop Loss: 3425
🔸 Expected Reaction: Price is currently at the upper boundary of the descending channel, suggesting potential resistance and reversal.
🟡 RSI is approaching overbought territory, adding confluence for a possible bearish move.
⚠️ Note: Wait for proper rejection confirmation before executing the trade. Trade safe!
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.
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.