Gold has completed a Rising Wedge pattern on the 4H chart, a classic bearish reversal structure. Price has broken below the lower trendline and is now retesting the wedge support as resistance, signaling potential continuation to the downside.
🔹 Pattern: Rising Wedge (Bearish)
🔹 Breakdown Level: ~$3,318
🔹 Immediate Support Zone: ~$3,244
🔹 Target Area: ~$3,167
🔹 Technical Bias: Bearish below $3,329
🔹 Fundamentals: Strong USD, Fed policy uncertainty, and lower inflation expectations add bearish pressure on Gold.
Short setup activated. Further confirmation may follow if Gold fails to reclaim above the wedge breakdown zone. 📉💡
Note : If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
This is not financial advice. Please conduct your own research and manage risk accordingly.
🔹 Pattern: Rising Wedge (Bearish)
🔹 Breakdown Level: ~$3,318
🔹 Immediate Support Zone: ~$3,244
🔹 Target Area: ~$3,167
🔹 Technical Bias: Bearish below $3,329
🔹 Fundamentals: Strong USD, Fed policy uncertainty, and lower inflation expectations add bearish pressure on Gold.
Short setup activated. Further confirmation may follow if Gold fails to reclaim above the wedge breakdown zone. 📉💡
Note : If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
This is not financial advice. Please conduct your own research and manage risk accordingly.
For More Help
Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/+HZOTWoeqVoo3M2Nk
Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/+HZOTWoeqVoo3M2Nk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For More Help
Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/+HZOTWoeqVoo3M2Nk
Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/+HZOTWoeqVoo3M2Nk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.