( Gold )Bullish Reversal from Falling Wedge | Long Setup Active

9 May

A bullish Falling Wedge breakout has been confirmed on the 30-minute chart, with price breaking above resistance and entering the indicator . This suggests a potential trend reversal after recent downside pressure.

🔍 Technical Setup:
Pattern: Falling Wedge (bullish breakout)

Long Entry: 3323 (active)

Target: 3398

Stop Loss: Below 3285

Indicator : Bullish signal as price attempts to clear the cloud.

🧠 Fundamental Context:
Weaker USD on recent data may lift gold prices.

Dovish Fed tone softens rate hike fears, supporting metals.

Inflation concerns and geopolitical uncertainties continue to provide upside bias for gold.


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📌 Note: Wait for confirmation with a strong candle close below the neckline and increased volume before entering the trade. This is not financial advice. Please conduct your own research and manage risk accordingly.

9 May

İşlem aktif

📌 Trade Active –

Watching for sustained momentum toward target.
Risk-Reward Ratio: ~2:1 depending on final entry/exit points