Sell XAU/USD (Gold) Triangle Breakout

Updated
The XAU/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a 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 2722

Target Levels:
1st Support – 2702
2nd Support – 2687
Stop-Loss: To manage risk, place a stop-loss order above 2744. This helps limit potential losses if the price falls back unexpectedly.

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beyondtechnicalanalysisChart PatternsDXYfundamental-analysisGoldTechnical IndicatorsTrend AnalysisUSDDJ FXCM IndexXAUXAUUSDxauusdshort

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