XAUUSD 1 HOUR CHART PATTERN

34
Gold (XAU/USD) – Bearish Breakout Setup

Timeframe: 1-Hour
Current Price: ~$3,237
Structure: Descending Triangle Breakdown
Indicator: Ichimoku Cloud, Trendlines


Trade Idea:

Price is respecting a strong descending trendline and recently broke down from a consolidation pattern within the triangle. This breakdown, coupled with resistance from the Ichimoku cloud and lower highs, indicates potential bearish momentum.

Entry Zone:
Sell below $3,226 – $3,224 (confirmed breakdown retest)

Stop Loss:
Above recent swing high at $3,238

Target:
$3,180 – Key horizontal support level and triangle projection target


Technical Bias: Bearish
Risk-Reward Ratio: Favorable (Approx. 1:2+)
Note: Watch for bearish confirmation candle and volume spike near $3,224 before entry.



Feragatname

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