Candle King_007
📊 Full-time Chart Analyst | Specialized in Market Structure & Candle Psychology🎯 Sharing high-probability setups on(BTC, and $XAU.✅ Verified trades only.
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Gold Spot / U.S. Dollar (XAU/USD) shows a potential Bearish Pennant
$XAU Reversal Area: The highlighted gray box around 4,561 – 4,582 is a critical support zone. If this zone fails to hold on a daily close, it may open the path for a deeper move toward 4,500 – 4,515.
30-minute timeframe, with price currently testing a "Reversal Area" near 4,560.
$XAU Pennant Pattern: The gray shaded converging trend lines represent a bearish pennant—a continuation pattern indicating that after a sharp drop (the "pole"), sellers are consolidating before potentially pushing price lower.
Bearish. Price has been making a series of lower highs and lower lows after failing to sustain above the 4,646 resistance.
#XAUUSD #priceaction #GOLD
$XAU Reversal Area: The highlighted gray box around 4,561 – 4,582 is a critical support zone. If this zone fails to hold on a daily close, it may open the path for a deeper move toward 4,500 – 4,515.
30-minute timeframe, with price currently testing a "Reversal Area" near 4,560.
$XAU Pennant Pattern: The gray shaded converging trend lines represent a bearish pennant—a continuation pattern indicating that after a sharp drop (the "pole"), sellers are consolidating before potentially pushing price lower.
Bearish. Price has been making a series of lower highs and lower lows after failing to sustain above the 4,646 resistance.
#XAUUSD #priceaction #GOLD
GOLD ALERT: Bearish Pennant Breakdown? Watch These Levels! 📉
The Setup:
Gold ($XAU ) is looking heavy on the 30-minute timeframe. After a massive move down, we’ve been consolidating in a Bearish Pennant pattern. The "pole" of this move was a sharp drop from $4,630, and the current price action suggests the bears aren't done yet.
The Pattern: We are seeing a classic bearish continuation pattern. Price is currently hugging the lower support line of the pennant near $4,571.
The Target: If we get a solid candle close below $4,570, the "Measured Move" points directly toward the $4,535 - $4,540 liquidity zone (marked by the grey box on my chart).
What’s your move? Are you buying the dip or riding the trend down? Let me know below! 👇
#XAUUSD #Goldprice #TradingSignals #MarketAnalysis #dollar
The Setup:
Gold ($XAU ) is looking heavy on the 30-minute timeframe. After a massive move down, we’ve been consolidating in a Bearish Pennant pattern. The "pole" of this move was a sharp drop from $4,630, and the current price action suggests the bears aren't done yet.
The Pattern: We are seeing a classic bearish continuation pattern. Price is currently hugging the lower support line of the pennant near $4,571.
The Target: If we get a solid candle close below $4,570, the "Measured Move" points directly toward the $4,535 - $4,540 liquidity zone (marked by the grey box on my chart).
What’s your move? Are you buying the dip or riding the trend down? Let me know below! 👇
#XAUUSD #Goldprice #TradingSignals #MarketAnalysis #dollar
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