XAUUSD @ Selling Scenario, Broken consolidated phase (Read Cap).
📉 XAU/USD Price Forecast 📉
XAUUSD
XAU/USD has reached its highest level and is currently consolidating, marked by strong bearish candles. The breakdown of the trendline and consolidating phase, along with the breach of the 50EMA, indicate a shift in momentum towards selling pressure. Additionally, the falling RSI and increased volume on the selling side further support this bearish outlook.
Key Points:
1. Consolidation phase marked by strong bearish candles suggests a potential reversal.
2. Breakdown of the trendline and 50EMA confirms the bearish sentiment.
3. Falling RSI indicates increasing selling pressure.
4. Increased volume on the selling side strengthens the bearish bias.
Key Levels:
- Support: 2163, 2140, 2120, and 2086
- Resistance: 2178 and 2195
Your continued follow-up and support are invaluable for our community. Let's stay connected and navigate the markets together for success!
#XAUUSD #GoldTrading #MarketAnalysis 🌟📊
XAUUSD
XAU/USD has reached its highest level and is currently consolidating, marked by strong bearish candles. The breakdown of the trendline and consolidating phase, along with the breach of the 50EMA, indicate a shift in momentum towards selling pressure. Additionally, the falling RSI and increased volume on the selling side further support this bearish outlook.
Key Points:
1. Consolidation phase marked by strong bearish candles suggests a potential reversal.
2. Breakdown of the trendline and 50EMA confirms the bearish sentiment.
3. Falling RSI indicates increasing selling pressure.
4. Increased volume on the selling side strengthens the bearish bias.
Key Levels:
- Support: 2163, 2140, 2120, and 2086
- Resistance: 2178 and 2195
Your continued follow-up and support are invaluable for our community. Let's stay connected and navigate the markets together for success!
#XAUUSD #GoldTrading #MarketAnalysis 🌟📊
Trade active:
Trade Initiated before CPI NEWS it's hitting successfully first support level, at 2163 now it's going to Breakdown the support level towards then next support ✅😊👍
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Related Ideas
Traders, exciting news regarding XAU/USD:
📉 Retracement and Profit: After breaking out of the rectangle consolidation phase, XAU/USD retraced to the resistance at 2181 before embarking on a downward trajectory towards our target levels.
💰 Massive Profits: We've already secured a whopping profit of over 310+ pips! Congratulations to all traders who joined the trade and capitalized on this lucrative opportunity.
🎉 Enjoy Your Rewards: Take a moment to celebrate your gains and bask in the satisfaction of a successful trade. Your support and trust have made this achievement possible!
📊 Stay Connected: Keep following and supporting us for more profitable insights and trading opportunities. Together, we'll continue to navigate the markets and strive for even greater success!
Let's keep the momentum going and aim for more profitable trades ahead! 📉💼 #XAUUSD #ProfitUpdate #TradingSuccess