XAU/USD – Trendline Breakout Signals Sell!

The XAU/USD Pair on the M30 period offers a potential selling opportunity due to the recent formation of a Trendline Breakout Pattern. This indicates a shift in momentum to the downside in the coming hours.

For a short trade, consider entering around the pattern's trendline.

Target levels: 2904 (first support) and 2880 (second support).
:

🚨 XAU/USD – Trendline Breakout Signals Sell! 📉
💰 Gold Spot (XAU/USD) - 30M Chart Breakdown

🔍 Key Observations:
🔹 Trendline Breakout: Price broke below the strong ascending trendline, confirming a bearish shift.
🔹 Resistance Zone: $2,942 - $2,954 acted as a rejection point, leading to a sharp sell-off.
🔹 Strong Bearish Momentum after breaking key support levels.

📉 Bearish Trade Setup:
📌 As long as price remains below $2,912, we expect further downside towards:

🎯 1st Support: $2,903
🎯 2nd Support: $2,880
📌 A break above $2,912 could lead to a short-term recovery, but overall bias remains bearish.

📊 Key Levels to Watch:
✅ Resistance: $2,942 - $2,954
✅ Support: $2,903 & $2,880

💬 Do you agree with this bearish outlook? Let us know in the comments!👇🔥

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