Sell XAU/USD (Gold) Channel Formation
Updated
The XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a Channel Formation pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2650, This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2624
2nd Support – 2607
Stop-Loss: To manage risk, place a stop-loss order above 2668. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Best Regards, KABHI FOREX TRADING
Thank you.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2650, This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2624
2nd Support – 2607
Stop-Loss: To manage risk, place a stop-loss order above 2668. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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
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✳️Forex Signals & Technical Chart : telegram.me/kabhifx
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📞📞Whatsapp me @ (+91) 97888-12123
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