Gold (XAU/USD) 30-Minute Analysis – Bearish Setup 📉
Key Observations:
Rising Wedge Breakdown:
The price has been moving within an ascending channel (EA TRADE LINE).
A potential breakdown is forming as the price approaches resistance.
EMA Levels:
30 EMA (Red, 2,986.22): The price is hovering near this level, showing potential weakness.
200 EMA (Blue, 2,950.00): This is the first major support level in case of a decline.
Bearish Projection:
A break below current levels could trigger a sharp drop.
The target zone is around 2,902.73 – 2,902.41, aligning with prior support.
Risk Management:
Stop-loss (Red Zone): Placed above 2,990.86 to protect against invalidation.
Take-Profit (Green Zone): Set near 2,902, offering a strong risk-to-reward ratio.
Conclusion:
Bearish Bias: A drop seems likely if the price fails to reclaim higher levels.
Confirmation Needed: A clean break of 2,980 could accelerate the move.
Risk Factor: If price reclaims 2,990+, the bearish setup might be invalid.
Would you like a refined entry strategy or more confirmation signals?
Key Observations:
Rising Wedge Breakdown:
The price has been moving within an ascending channel (EA TRADE LINE).
A potential breakdown is forming as the price approaches resistance.
EMA Levels:
30 EMA (Red, 2,986.22): The price is hovering near this level, showing potential weakness.
200 EMA (Blue, 2,950.00): This is the first major support level in case of a decline.
Bearish Projection:
A break below current levels could trigger a sharp drop.
The target zone is around 2,902.73 – 2,902.41, aligning with prior support.
Risk Management:
Stop-loss (Red Zone): Placed above 2,990.86 to protect against invalidation.
Take-Profit (Green Zone): Set near 2,902, offering a strong risk-to-reward ratio.
Conclusion:
Bearish Bias: A drop seems likely if the price fails to reclaim higher levels.
Confirmation Needed: A clean break of 2,980 could accelerate the move.
Risk Factor: If price reclaims 2,990+, the bearish setup might be invalid.
Would you like a refined entry strategy or more confirmation signals?
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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.
Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.