Gold/EUR
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Gold (XAU/EUR) – Potential Sell Setup from Rising Wedge

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📉 Market Structure & Pattern:

The chart shows a broadening wedge pattern followed by a rising wedge formation.

Price has reached the upper boundary of the descending channel, where a potential sell-off could begin.

📉 Bearish Outlook:

The sell signal is indicated near 2,811 EUR, suggesting a possible reversal.

The target area is around 2,769 - 2,700 EUR, aligning with previous support zones.

If the price breaks below the wedge structure, further downside momentum is expected.

📌 Trading Plan:

Bears may look for short opportunities around resistance.

A break below 2,794 EUR could confirm further downside.

Bulls should monitor price action for any rejection near support zones for potential buying opportunities.

⚠️ Risk Management:

A break above 2,815 EUR could invalidate the bearish setup.

Stop-loss placement above resistance is advisable to minimize risk.

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