🔻 XAU/USD 4H – Rising Wedge Breakdown Targeting Key Demand Zone
Gold (XAU/USD) has broken down from a rising wedge formation after rejecting the $3,285 resistance level. This bearish breakdown comes with declining momentum on the Squeeze histogram and price falling back below the value area.
📉 Entry: $3,285.15
🎯 Target: $3,122.56
🛑 Stop-Loss: $3,331.44
⚖️ Risk/Reward Ratio: 3.54
📌 Technical Confluences:
Rising wedge breakdown with confirmed close below trendline
Price re-entered low-volume area (thin support zone)
Squeeze histogram shifting from green to red – bearish momentum building
Target aligns with the demand area and prior support at $3,120–$3,125
Gold (XAU/USD) has broken down from a rising wedge formation after rejecting the $3,285 resistance level. This bearish breakdown comes with declining momentum on the Squeeze histogram and price falling back below the value area.
📉 Entry: $3,285.15
🎯 Target: $3,122.56
🛑 Stop-Loss: $3,331.44
⚖️ Risk/Reward Ratio: 3.54
📌 Technical Confluences:
Rising wedge breakdown with confirmed close below trendline
Price re-entered low-volume area (thin support zone)
Squeeze histogram shifting from green to red – bearish momentum building
Target aligns with the demand area and prior support at $3,120–$3,125
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.