XAUUSD - Bearish Rising Wedge Breakdown Setup
Price action has formed a rising wedge pattern on the 30-minute chart, typically a bearish continuation signal. We are currently at the upper boundary of the wedge, with a potential breakdown anticipated. The idea suggests a short setup with a stop-out at 3381.500 and a target zone near 3330.00. The Supertrend indicator also supports bearish momentum.
🔔 This is for educational purposes only — not financial advice.
📊 Trade safe and always manage risk.
If you find this idea helpful, please leave a like or comment to show your support. It helps a lot! 🙏
Price action has formed a rising wedge pattern on the 30-minute chart, typically a bearish continuation signal. We are currently at the upper boundary of the wedge, with a potential breakdown anticipated. The idea suggests a short setup with a stop-out at 3381.500 and a target zone near 3330.00. The Supertrend indicator also supports bearish momentum.
🔔 This is for educational purposes only — not financial advice.
📊 Trade safe and always manage risk.
If you find this idea helpful, please leave a like or comment to show your support. It helps a lot! 🙏
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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.