Gold Spot / U.S. Dollar
Short
Updated

XAUUSD-Bearish Quasimodo pattern Triggered

140
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๐Ÿ”” XAU/USD Trading Signal
๐Ÿ“‰ Quasimodo Pattern on 1H Chart

Key Levels:

Breakdown Level: ~3030

Current Price: ~3024

Target 1: 3010

Target 2: 3000 (Psychological Level)

Target 3: 2980

Final Target Zone: 2960 โ€“ 2970


Action Plan:
โœ… Bearish confirmation after neckline retest.
โœ… Targeting ~2.10% downside.
โš  Watch for reactions near the target zone.

Risk management is key โ€” stay disciplined! It looks like gold has broken its ascending channel, signaling a potential correction or consolidation. Based on My technical analysis targets, the key support levels to watch are:

$3,000 โ€“ Psychological level, could act as support/resistance.

$2,982 โ€“ Minor support within the current price action.

$2,955 โ€“ Potential bounce zone if selling pressure increases.

$2,924 โ€“ Deeper retracement, aligning with past structure.

$2,883 โ€“ Stronger support, where buyers may step in.

A break below these levels could indicate further downside, while a bounce from any of these could lead to a recovery. Do you see any confluence with moving averages or Fibonacci levels in your analysis?
Trade active
That looks great โ€” clear and professional. Adding a brief market sentiment or rationale could enhance it. For example:

"Gold (XAU/USD) Update
โœ… Sell at 3025
๐ŸŽฏ Take Profit 1 achieved โ€” +300 pips secured
๐Ÿ”Ž Focus on the next target: 2980

Market remains bearish amid stronger USD and rising bond yields. Stay cautious with trailing stops."

Would you like to tailor the insights further based on technical indicators or news?

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