AbdullahTech

Short XAUUSD Trading Position on 30 min timeframeInitial Take Profit: 2303.45SL: 2340.50Gold shows a possibility of a bearish movement after breaking an ascending trendline. The price has fluctuated just underneath a 4-hour structure break. It is expected to continue below the shown trendline and reach the previous day’s bottom again. The trend lines drawn on the chart initially suggested support levels, but the most recent movement has broken these trend lines, turning them into current resistance lines. Additionally, the most recent higher high indicates a significant pullback downward, signalling potential further downside and a potential break of the existing structure.Traders should exercise caution and closely monitor key levels of support and resistance. Additionally, they should be alert for any further bearish signals that may confirm this potential move.I would be grateful to get your feedback on this idea if you have any opinions to share.✽↝✔Esteem your Analysis and seek improvements ⌁AbdullahTech ♾🔐 Secure tradeForgot to update. It has closed at break-even

Short XAUUSD Trading Position on 30 min timeframeInitial Take Profit: 2310SL: 2345.67Gold shows a possibility of breaking down an ascending channel, where the price has fluctuated just underneath a 4h structure break. It is expected to break the showed trendline and reach the 1h parallel channel's bottom.Traders should be cautious and monitor key levels of support and resistance, as well as any further bearish signals that may confirm this potential move.I would be grateful to get your feedback on this idea if you have any opinions to share.✽↝✔Esteem your Analysis and seek improvements ⌁AbdullahTech ♾Closed at Entry point

Short-Day XAUUSD Trading Position on 1 Hr timeframeInitial Take Profit: 2036 (return to the channel)TP2: 2020 (Second Higher Low)SL: 2051.5 (Breaking the daily structure)Gold shows a descending channel pattern, where the price has been fluctuating between two parallels in a downtrend movement overall, downward-sloping trend lines. It is expected to continue the channel downward after the CPI news yesterday.Traders should be cautious and monitor key levels of support and resistance, as well as any further bearish signals that may confirm this potential move.I would be grateful to get your feedback on this idea if you have any opinions to share.✽↝✔Esteem your Analysis and seek improvements ⌁AbdullahTech ♾Correction: it is much better to have the SL above the previous pillar of the channel, which can be around 2064 down to 2056on 2h chart, the prices shows a probability of going around 2060 before falling down again to the channel.The Gold price is going to correction phase before having a clear target, either to complete the falling to the nearest big OrderBlock 2020, or to return rising upward until around 2080After the correction of Gold during the last week in today, it reached to the Golden zone of Fibonacci 0.6, which is very close to the upper-line of the yellow channel and exactly on the upper-line of the green descending channel. I closed the trade manually on profit at 2,032