Gold (XAU) 2-hour chart has broken down from a rising triangle pattern, indicating a bearish shift in momentum. A short position is considered based on this breakdown:
Entry: Near current price around $3,224
Stop Loss: Set above the structure at $3,247.97 (SI Point)
Target (Take Profit): $3,181.75
This setup presents a strong technical case for a sell trade, supported by the pattern breakout and downward momentum.
Call to Action:
👉 Follow for alerts on breakout/breakdown scenarios.
👉 Share this analysis to empower others with data-driven decisions.
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NOTE: This is not financial advice. Trade at your own risk.
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Entry: Near current price around $3,224
Stop Loss: Set above the structure at $3,247.97 (SI Point)
Target (Take Profit): $3,181.75
This setup presents a strong technical case for a sell trade, supported by the pattern breakout and downward momentum.
Call to Action:
👉 Follow for alerts on breakout/breakdown scenarios.
👉 Share this analysis to empower others with data-driven decisions.
Engage with My Latest Trading Setup & Share Insights!
NOTE: This is not financial advice. Trade at your own risk.
Support: Like & follow for more trade ideas!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.