👀 Observation:
Hello, everyone! I hope you're doing well. I’d like to share my analysis of XAU-USD (Gold) with you.
Looking at the chart, XAU-USD is currently in a descending triangle pattern. After reaching the top of the triangle, I expect a price decrease. I anticipate that the descending triangle will break downward, and I have two price targets in mind.
📉 Expectation:
Bearish Scenario: After the breakdown of the triangle, my first target is 3245, followed by a potential second target at 3167.
💡 Key Levels to Watch:
Resistance: Top of the descending triangle
Support: Breakout level below the triangle
💬 What are your thoughts on XAU-USD this week? Let me know in the comments!
Trade safe
Hello, everyone! I hope you're doing well. I’d like to share my analysis of XAU-USD (Gold) with you.
Looking at the chart, XAU-USD is currently in a descending triangle pattern. After reaching the top of the triangle, I expect a price decrease. I anticipate that the descending triangle will break downward, and I have two price targets in mind.
📉 Expectation:
Bearish Scenario: After the breakdown of the triangle, my first target is 3245, followed by a potential second target at 3167.
💡 Key Levels to Watch:
Resistance: Top of the descending triangle
Support: Breakout level below the triangle
💬 What are your thoughts on XAU-USD this week? Let me know in the comments!
Trade safe
Trade active
First Target 3245 Touch
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.
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.