🔻 Gold is on the Move — Bearish Opportunity Unlocked! 🔻
🧠 Technical Breakdown: XAU/USD has just smashed through a critical uptrend trendline on the 4H chart — a game-changing bearish signal for gold traders! After a period of consolidation within a tight range, the price has decisively broken down below 3,357.818, confirming the reversal of the uptrend. Sellers are stepping in with force, and this could be the start of a major downtrend!
📍 Key Insights:
◾ Pattern: Trendline Breakdown — a textbook bearish reversal setup.
◾ Breakdown Confirmed: Price crashed below 3,357.818 with strong momentum.
◾ Consolidation Zone: The previous range support around 3,375.000 is now acting as resistance.
◾ Bearish Momentum: Rejection at the trendline shows sellers are in control.
◾ Target Zone: 3,224.000 — the next major support area from prior consolidation lows.
🎯 Trade Setup:
🔴 Entry: 3,350 (current price on breakdown confirmation)
🟢 Stop Loss: 3,410 (above the consolidation zone and trendline for safety)
🎯 Target: 3,200 — key support and take-profit zone
💡 Risk-Reward Ratio: This setup offers a solid 1:2 risk-reward ratio, making it a high-probability trade for those who manage risk wisely!
⚠ Pro Tip: Keep an eye out for a potential retest of the broken trendline as resistance around 3,350 before the next leg down — don’t get caught in a fakeout! Also, watch for increased volatility in gold due to upcoming economic data releases that could amplify this move.
🔥 Final Thoughts: XAU/USD is showing all the signs of a massive bearish wave after this trendline breakdown! With sellers dominating, we could see 3,200 hit faster than expected. This is the kind of high-momentum trade our community thrives on — let’s capitalize on this opportunity and make some serious pips! Stay disciplined, manage your risk, and let’s ride this wave together! 🚀
🧠 Technical Breakdown: XAU/USD has just smashed through a critical uptrend trendline on the 4H chart — a game-changing bearish signal for gold traders! After a period of consolidation within a tight range, the price has decisively broken down below 3,357.818, confirming the reversal of the uptrend. Sellers are stepping in with force, and this could be the start of a major downtrend!
📍 Key Insights:
◾ Pattern: Trendline Breakdown — a textbook bearish reversal setup.
◾ Breakdown Confirmed: Price crashed below 3,357.818 with strong momentum.
◾ Consolidation Zone: The previous range support around 3,375.000 is now acting as resistance.
◾ Bearish Momentum: Rejection at the trendline shows sellers are in control.
◾ Target Zone: 3,224.000 — the next major support area from prior consolidation lows.
🎯 Trade Setup:
🔴 Entry: 3,350 (current price on breakdown confirmation)
🟢 Stop Loss: 3,410 (above the consolidation zone and trendline for safety)
🎯 Target: 3,200 — key support and take-profit zone
💡 Risk-Reward Ratio: This setup offers a solid 1:2 risk-reward ratio, making it a high-probability trade for those who manage risk wisely!
⚠ Pro Tip: Keep an eye out for a potential retest of the broken trendline as resistance around 3,350 before the next leg down — don’t get caught in a fakeout! Also, watch for increased volatility in gold due to upcoming economic data releases that could amplify this move.
🔥 Final Thoughts: XAU/USD is showing all the signs of a massive bearish wave after this trendline breakdown! With sellers dominating, we could see 3,200 hit faster than expected. This is the kind of high-momentum trade our community thrives on — let’s capitalize on this opportunity and make some serious pips! Stay disciplined, manage your risk, and let’s ride this wave together! 🚀
Trade active
XAUUSD Trade Update📉 Touched $3,273 from $3,345
✅ +720 Pips Profit Secured!
Big congratulations to all my followers — your patience is paying off! 🔥
Keep Holding
🎯 Next Target: $3,200
Momentum still favors the bears — let’s ride it down! 💪
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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.
Related publications
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.