XAUUSD is extremly bearish
According to the daily time frame, the previous trend showed a divergence on the RSI, signaling a potential trend reversal. The price broke through an ascending wedge following a head-and-shoulders pattern, suggesting that the bearish trend is likely to continue. A Double Tweezer pattern has formed, confirming the entry
Entry: 2610
Profit: 2350
Stop Loss: 2640
Entry: 2610
Profit: 2350
Stop Loss: 2640
Trade closed manually
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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.