Bearish Rising wedge pattern
XAUUSD (Gold vs. US Dollar) is thorough and highlights key technical patterns like the bearish rising wedge and the breakout scenarios. Here’s a summary of your outlook:
Bearish Scenario:
Current Pattern: Bearish rising wedge with a neckline and uptrend channel breakout.
Action: Look for a sell opportunity after a price retest.
Final Take Profit (TP): $2,413.
Bullish Scenario:
Entry: Consider buying at $2,413.
First TP: $2,470.
If $2,470 Doesn't Break:
Consider selling, with a final TP at $2,360.
Disclaimer: This analysis is for educational purposes and not financial advice.
Bearish Scenario:
Current Pattern: Bearish rising wedge with a neckline and uptrend channel breakout.
Action: Look for a sell opportunity after a price retest.
Final Take Profit (TP): $2,413.
Bullish Scenario:
Entry: Consider buying at $2,413.
First TP: $2,470.
If $2,470 Doesn't Break:
Consider selling, with a final TP at $2,360.
Disclaimer: This analysis is for educational purposes and not financial advice.
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