Sell Gold (Xau/Usd) wedge Breakout

12 авг.

The XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.

Key Points:

Sell Entry: Consider entering a short position around the current price of 2427, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 2403
2nd Support – 2388

Stop-Loss: To manage risk, place a stop-loss order above 2440. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

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Best Regards, KABHI FOREX TRADING
Thank you.

12 авг.

Сделка активна

Take Entry now

12 авг.

Заметка

all our past week Traders are closed,

Now Gold - Wedge pattern only Running

12 авг.

Сделка закрыта: достигнута стоп-лосс цена

Today Xau/Usd sl hit❌❌
Wedge pattern failed