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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Best Regards, KABHI FOREX TRADING
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 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.
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 now
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