Gold breaks out of consolidation, facing bearish pressure

เมื่อวานซืน

Gold has officially exited its previous consolidation phase, experiencing a sharp decline from the $2,950 region and reaching a low near $2,878. The breakdown of the rising wedge pattern has triggered increased selling pressure, confirming a shift in momentum towards the downside.

Currently, gold is making a slight recovery, trading around $2,919. However, the bearish trend remains dominant, leaving the price vulnerable to further downside moves. If gold fails to reclaim the $2,930 - $2,940 zone, the downward momentum may persist, targeting $2,905 as the first support level, with a potential extension toward $2,879.

Wishing you successful trades!

เมื่อวานซืน

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🧑‍💻XAUUSD Sell zone 2915 - 2917
🔹SL 2920
🔹TP 2913 - 2910 - Open

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