Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

GOLD correction building up? #GOLD #xauusd #forexsignals #vladimirribakov

2 Oct 2025 · 1 min

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Vladimir Ribakov sees gold forming a wedge pattern with two bearish divergences signaling weakening momentum. Price sits just above a balance zone, setting up a potential false breakout that could trap traders before a real move.

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The way I see that we are moving here with inside this channel or slowly, slowly, slowly dropping here, kind of forming like like like a wedge. We did have a bearish divergence between these two highs and also between these two highs. So this is the second divergence in a row. Beautiful double candle retrace here. And in terms of the volume zone, take a look where we are at right now. We are right slightly above the balance zone, which means it left to the imbalance and could actually become the false breakout in that zone.