🟡 GOLD – Triangle Formation Breakdown (Bearish Continuation Pattern)
-> Gold is forming a falling triangle pattern, typically a bearish continuation setup.
-> The structure has completed all 5 internal corrective waves within the triangle.
-> Price is nearing the triangle apex, indicating a likely breakout soon.
-> Since the pattern occurred within a prior downtrend, the breakout is expected to be to the
downside.
-> A breakdown from the triangle is expected to trigger an impulsive fall.
-> Target: â‚ą2940 levels, projected from the triangle's height.
-> Volume behavior supports the triangle formation – low volume consolidation before
breakout.
-> Entry confirmation suggested only after a strong bearish candle close below the triangle
support.
⚠️ Disclaimer:
This analysis is intended for educational and informational purposes only and should not be considered financial advice or a recommendation to buy or sell any asset. Please perform your own research or consult a licensed financial advisor before making trading decisions. Trading involves substantial risk and is not suitable for all investors.
-> Gold is forming a falling triangle pattern, typically a bearish continuation setup.
-> The structure has completed all 5 internal corrective waves within the triangle.
-> Price is nearing the triangle apex, indicating a likely breakout soon.
-> Since the pattern occurred within a prior downtrend, the breakout is expected to be to the
downside.
-> A breakdown from the triangle is expected to trigger an impulsive fall.
-> Target: â‚ą2940 levels, projected from the triangle's height.
-> Volume behavior supports the triangle formation – low volume consolidation before
breakout.
-> Entry confirmation suggested only after a strong bearish candle close below the triangle
support.
⚠️ Disclaimer:
This analysis is intended for educational and informational purposes only and should not be considered financial advice or a recommendation to buy or sell any asset. Please perform your own research or consult a licensed financial advisor before making trading decisions. Trading involves substantial risk and is not suitable for all investors.
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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.
Declinazione di responsabilitĂ
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.