🔻 XAU/USD Rising Wedge Breakdown – Bearish Setup Activated
Gold has broken down from a rising wedge pattern near the key resistance zone around $3,311–$3,325, signaling a potential reversal. The rejection from the volume profile’s high activity zone adds further confluence for a short bias.
📉 Entry: $3,311.70
🎯 Target: $3,157.80
🛑 Stop-Loss: $3,374.72
⚖️ Risk/Reward Ratio: 2.44
Technical Highlights:
Rising wedge breakout to the downside
Price failed to sustain above high-volume node
Bearish histogram crossover confirms weakening momentum
Next support sits near $3,155 – a key demand zone from early May
This breakdown could trigger a deeper correction toward the $3,150–$3,120 region unless bulls reclaim the $3,325 level with strength.
Gold has broken down from a rising wedge pattern near the key resistance zone around $3,311–$3,325, signaling a potential reversal. The rejection from the volume profile’s high activity zone adds further confluence for a short bias.
📉 Entry: $3,311.70
🎯 Target: $3,157.80
🛑 Stop-Loss: $3,374.72
⚖️ Risk/Reward Ratio: 2.44
Technical Highlights:
Rising wedge breakout to the downside
Price failed to sustain above high-volume node
Bearish histogram crossover confirms weakening momentum
Next support sits near $3,155 – a key demand zone from early May
This breakdown could trigger a deeper correction toward the $3,150–$3,120 region unless bulls reclaim the $3,325 level with strength.
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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.