XAUUSD A Potential Movement to the Downside 🔨🔨🔨

💡 Trade Idea

📉 Sell Order @ 1836.90

🎯 Target Profit 1807.62

🛑 Stop Loss 1851.15

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description:

The price is ranging inside a wedge pattern where the gold has posted a higher correction toward the top end of the wedge formation. We have a confluence zone between the 61.8% Fibonacci retracement level and the resistance trendline which might cause a reversal and then a move to the downside to the 1807.62 mark.
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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️