๐ฅ $GOLD BEARISH BREAKDOWN โ DOUBLE SUPPORT AT RISK! ๐ฅ
๐ Price Action Insight:
After completing the impulsive 5-wave structure, $GOLD has broken down from its rising wedge and is now testing the critical horizontal support zone around $3,245โ$3,250.
RSI is nearing oversold levels, hinting at short relief โ but bearish momentum dominates.
๐ฏ Trade Setup (SHORT):
๐ป Entry Price: $3,263 โ $3,250
๐ฐ Take Profit: $3,200
๐ Stop Loss: $3,290
๐ Market Outlook:
Wave 5 has completed with an ABC correction confirming a bearish retracement. If $3,245 fails, expect a swift drop to $3,200. RSI suggests a possible pullback โ but trend bias is clearly downward.
๐จ Follow community
๐ฅ Join the momentum before it leaves you behind. Early entries get rewarded โ donโt be late to the trend!
๐ This is your signal. Secure your position before the next leg down begins!
๐ฌ Donโt let this breakdown fly without you โ enter smart, exit richer!
โก Ride the momentum before it fades โ profits favor the fearless!