Sell Gold (Xau/Usd) Ascending Triangle in H1
Updated
The XAU/USD pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Ascending Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2513.
Target Levels:
1st Support – 2485
2nd Support – 2461.50
Stop-Loss: To manage risk, place a stop-loss order above 2530. This helps limit potential losses if the price falls back unexpectedly.
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Thank you.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2513.
Target Levels:
1st Support – 2485
2nd Support – 2461.50
Stop-Loss: To manage risk, place a stop-loss order above 2530. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Trade active
Take Entry nowNote
XAU/USD move Sl - 2532 🔈🔈
USD - Core PCE Price Index in next 3 Hours📣📣
Note
Keep Holding
Note
In Good Profit
Trade closed: target reached
Close manually with Good Profit
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