Bearish Setup in Gold: Breakdown Confirmed with Strong Volume!
Hey, what's up Traders! I’ve been watching Gold closely, and it seems like we’re seeing a descending channel setup. After hitting the top, it’s now testing the lower boundary. If Gold can't hold this support level, we could see a nice downward move. The entry range I’m eyeing is around 3275-3295, with a stop loss just above at 3239.
The volume behind this move suggests we might see more selling pressure. If Gold breaks through the lower trendline, the downside move could gather more momentum. As always, let’s manage risk carefully, stay sharp, and watch the price action closely!
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
If you found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.
- 1st target: 3209
- 2nd target: 3160
- Final target: 3120
The volume behind this move suggests we might see more selling pressure. If Gold breaks through the lower trendline, the downside move could gather more momentum. As always, let’s manage risk carefully, stay sharp, and watch the price action closely!
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
If you found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.
Catatan
Guy's please correct stop loss at 3339, typing errorTrading ditutup: stop tercapai
Rahul Pal (TV, Moderator)
Telegram: spf.bio/c1lkb
Site: realbullstrading.com
77% Accuracy Signals: wa.me/919560602464
Recommended Broker 👉 tinyurl.com/tradewithrahul
(Open & get my Option Writing & swing Guide–FREE)
Telegram: spf.bio/c1lkb
Site: realbullstrading.com
77% Accuracy Signals: wa.me/919560602464
Recommended Broker 👉 tinyurl.com/tradewithrahul
(Open & get my Option Writing & swing Guide–FREE)
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Rahul Pal (TV, Moderator)
Telegram: spf.bio/c1lkb
Site: realbullstrading.com
77% Accuracy Signals: wa.me/919560602464
Recommended Broker 👉 tinyurl.com/tradewithrahul
(Open & get my Option Writing & swing Guide–FREE)
Telegram: spf.bio/c1lkb
Site: realbullstrading.com
77% Accuracy Signals: wa.me/919560602464
Recommended Broker 👉 tinyurl.com/tradewithrahul
(Open & get my Option Writing & swing Guide–FREE)
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.