Gold has broken below the ABCD harmonic pattern structure, a classic sign of a potential trend reversal. This bearish move is now approaching the critical support at $3385, which has acted as a structural pivot in past sessions.
Adding to this bearish outlook, the Momentum oscillator has crossed decisively below the 100-line, confirming a shift in directional strength and reinforcing downside potential.
🔽 TradeIdea – XAUUSD Short Setup
Entry Trigger: Initiate short positions only if price closes below $3385 on strong volume.
Take-Profit Target: $3360 – near the lower harmonic projection and previous demand zone.
Stop-Loss Idea: Above $3412 (structure invalidation level)
This setup aligns with both pattern-based analysis and momentum confirmation, increasing confidence for short-term bearish continuation.
Adding to this bearish outlook, the Momentum oscillator has crossed decisively below the 100-line, confirming a shift in directional strength and reinforcing downside potential.
🔽 TradeIdea – XAUUSD Short Setup
Entry Trigger: Initiate short positions only if price closes below $3385 on strong volume.
Take-Profit Target: $3360 – near the lower harmonic projection and previous demand zone.
Stop-Loss Idea: Above $3412 (structure invalidation level)
This setup aligns with both pattern-based analysis and momentum confirmation, increasing confidence for short-term bearish continuation.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.