Gold (XAU/USD) – Bearish Breakout Setup
Timeframe: 1-Hour
Current Price: ~$3,237
Structure: Descending Triangle Breakdown
Indicator: Ichimoku Cloud, Trendlines
Trade Idea:
Price is respecting a strong descending trendline and recently broke down from a consolidation pattern within the triangle. This breakdown, coupled with resistance from the Ichimoku cloud and lower highs, indicates potential bearish momentum.
Entry Zone:
Sell below $3,226 – $3,224 (confirmed breakdown retest)
Stop Loss:
Above recent swing high at $3,238
Target:
$3,180 – Key horizontal support level and triangle projection target
Technical Bias: Bearish
Risk-Reward Ratio: Favorable (Approx. 1:2+)
Note: Watch for bearish confirmation candle and volume spike near $3,224 before entry.
Timeframe: 1-Hour
Current Price: ~$3,237
Structure: Descending Triangle Breakdown
Indicator: Ichimoku Cloud, Trendlines
Trade Idea:
Price is respecting a strong descending trendline and recently broke down from a consolidation pattern within the triangle. This breakdown, coupled with resistance from the Ichimoku cloud and lower highs, indicates potential bearish momentum.
Entry Zone:
Sell below $3,226 – $3,224 (confirmed breakdown retest)
Stop Loss:
Above recent swing high at $3,238
Target:
$3,180 – Key horizontal support level and triangle projection target
Technical Bias: Bearish
Risk-Reward Ratio: Favorable (Approx. 1:2+)
Note: Watch for bearish confirmation candle and volume spike near $3,224 before entry.
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✅JOIN FREE TELEGRAM
✅t.me/+atTT3a4htZ8yZjQ0
✅DAILY 3-4 SIGNALS
✅ALL PAIRS CRYPTO & GOLD
✅t.me/+atTT3a4htZ8yZjQ0
✅DAILY 3-4 SIGNALS
✅ALL PAIRS CRYPTO & GOLD
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.