Gold (XAU/USD) Faces Resistance at $2,950 – Potential Reversal A
This is a 1-hour chart of CFDs on Gold (XAU/USD)
1. Consolidation Zone (Highlighted in Yellow)
The price was consolidating in a range before breaking out upwards.
This period represents market indecision before a breakout.
2. Breakout & Bearish Flag Formation
The price broke out of the consolidation zone and moved higher.
A bearish flag pattern (drawn in blue) is forming, which is a continuation pattern that often leads to a downside move.
The flag consists of an upward-sloping channel, indicating a temporary retracement before a potential drop.
3. Potential Price Movement
If the bearish flag confirms with a breakdown, the price may fall back into the consolidation range or lower.
The expected target is typically the length of the previous downward move (flagpole) projected downward from the breakout point.
1. Consolidation Zone (Highlighted in Yellow)
The price was consolidating in a range before breaking out upwards.
This period represents market indecision before a breakout.
2. Breakout & Bearish Flag Formation
The price broke out of the consolidation zone and moved higher.
A bearish flag pattern (drawn in blue) is forming, which is a continuation pattern that often leads to a downside move.
The flag consists of an upward-sloping channel, indicating a temporary retracement before a potential drop.
3. Potential Price Movement
If the bearish flag confirms with a breakdown, the price may fall back into the consolidation range or lower.
The expected target is typically the length of the previous downward move (flagpole) projected downward from the breakout point.
İşlem kapandı: hedefe ulaştı
🎉🎯 Target Hit! Another Successful Analysis! 🎯🎉
Big shoutout to my amazing followers! 🚀 Our recent XAUUSD (Gold) analysis played out exactly as expected, respecting the key resistance zone and delivering a beautiful reaction. 📉🔥
This is why we trust our technicals and stay patient! 💡💰 If you caught this move, drop a 🔥 in the comments! More setups coming soon—let’s keep winning together!
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.