Gold Short Setup: Rising Wedge Bearish Breakout
Gold Short Setup: Rising Wedge Bearish Breakout
This chart shows a potential short setup for Gold (XAUUSD) on the 30-minute timeframe. A rising wedge pattern has formed, which is a generally bearish continuation pattern. The price has recently broken below the wedge support line, and is now testing the 2257.705 level.
Technical Analysis:
Pattern: Rising Wedge (bearish)
Entry: Short below 2287/ 2290
Stop Loss: Above 2306.830 (wedge resistance)
Target: TP12260 / 2210.000
This chart shows a potential short setup for Gold (XAUUSD) on the 30-minute timeframe. A rising wedge pattern has formed, which is a generally bearish continuation pattern. The price has recently broken below the wedge support line, and is now testing the 2257.705 level.
Technical Analysis:
Pattern: Rising Wedge (bearish)
Entry: Short below 2287/ 2290
Stop Loss: Above 2306.830 (wedge resistance)
Target: TP12260 / 2210.000